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Five ways going back to basics can optimize indirect tax operations

The COVID-19 crisis shook up the global indirect tax landscape, but it also showed that a robust VAT function relies on firm fundamentals.

In brief
  • The global stress test of the COVID-19 crisis has pushed indirect taxes to the fore of government efforts to replenish the funds spent shoring up economies.
  • Indirect tax compliance obligations are mandatory, but companies have a choice in how to organize their compliance functions.
  • Focusing on the fundamentals, businesses can improve their compliance performance to add greater value to their bottom line.

Source EY

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