VAT reporting is often perceived to be a routine process easily manageable through a manual, spreadsheet driven process.
However, if you breakdown this process in individual steps and take a closer look, it becomes apparent that the overall process can be quite time-consuming and requires specific knowledge. And if you then add changes in business and regulatory changes to the equation, managing your global indirect tax reporting can become a daunting task.
A Generic VAT reporting process can be divided into a few steps:
Source Vertex
Click on the logo to visit the website
Latest Posts in "World"
- “How do I know if my Peppol e-invoice has arrived?” – A practical guide for entrepreneurs
- E-invoicing: putting taxation back at the heart of the system
- The Case for Adopting or Modernizing VAT Amid Economic Transformation
- VAT Report Guide: Understanding the Nine-Box Financial Document for Business Compliance
- What is a Standard Audit File for Tax (SAF-T)? A Global Compliance Overview
