Solving the 10 Most Common VAT Compliance Issues with Technology

What are the ten most common VAT compliance issues?

1. VAT compliance deadlines missed
2. Penalties applied because of changes in tax jurisdictions
3. Regional third party tax advisors charge too much & deliver too little
4. Time-consuming VAT compliance processes
5. Entering new markets means new VAT compliance challenges
6. Disconnected internal business entities make it hard to change and be consistent
7. Errors and anomalies need drawn-out investigation and fixes
8. Regional tax offices depend on multiple contact points
9. Distributed and siloed data make analysis hard
10. Disconnected systems hinder payment processes

Source Taxbackinternational

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