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
Latest Posts in "World"
- VATupdate Newsletter Week 22 2026
- Subscribe to the VATupdate.com Weekly Newsletter
- VAT Concepts Explained: News Items & Podcasts Covering the VAT Topics That Matter Most (WIP)
- VAT Concept Explained: Branch vs subsidiary / head office vs fixed establishment supplies
- E‑Invoicing & E‑Reporting Explained: From Invoice to Intelligence (WIP)
