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EU report reveals high cost of VAT compliance

A recent report issued by the European Parliament highlights the administrative challenge and cost of VAT compliance. As the report by the European Parliamentary Research Service points out: “European Commission surveys constantly report that the current EU tax system and in particular VAT is one of the main administrative challenges for businesses, both in terms of its complexity and in terms of the burden of compliance that it imposes.”

Source: vatglobal.com

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