Whether you prepare VAT returns in-house, outsource indirect tax returns to a third party, or use a shared service centre or centre of excellence, how do you assess performance and what success looks like? It is certainly best practice to set Key Performance Indicators (KPIs) in relation to indirect tax compliance. While these can be localised at a country or regional level, it is recommended that KPIs are scalable to have a consistent policy and for benchmarking and ease of comparison, as well as to identify best practice or flag common areas of risk.
Source Avalara
Latest Posts in "World"
- SAF-T System Explained: Definition, Benefits, Structure, European Adoption, and Implementation Best Practices
- Overcoming VAT Number Validation Challenges: Ensuring Compliance, Data Integrity, and Audit Readiness for Tax Teams
- Ensuring VAT Compliance and Real-Time Tax ID Validation in Self-Service Checkout Systems
- Open ECX Achieves PEPPOL Accreditation, Enabling Global, Compliant E-Invoicing and Document Exchange
- Global VAT Compliance – Recent VAT Developments – Quick Update
