VATupdate
VAT

Complexity of VATs in Europe – how many hours required for indirect tax compliance?

Study by the World Bank on how many hours are required to do indirect tax compliance in each country in Europe for a medium sized business.

While we can all argue about the exact number of hours needed in a particular location, it gives a great insight into the complexity, in relative terms, between each country.

More importantly it might help sense check one’s current compliance setup in terms of resources, process & technology needed to achieve the desired compliance level.

Source Tax foundation

* click here if you have interesting news to share *