Fortunately, the new report, Overview on the tax compliance costs faced by European enterprises – with a focus on SMEs, does more than that by quantifying the cost of VAT compliance burdens for companies based in the EU and UK.
The report calculates tax compliance costs by analyzing available empirical literature and data; it also compares different European tax systems and enterprises of different sizes, including companies that engage in cross-border trade.
Here are some notable findings that tax leaders should be aware of:
- Compliance is a 2% ‘tax on tax:’ T
- VAT compliance costs are not proportional:
- Cross-border compliance doesn’t cost more
- Complexity adds cost
Source: www.vertexinc.com
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