- Multinational companies face challenges with VAT reporting obligations in multiple countries
- Lack of common technology standards and updated ERP systems can complicate VAT compliance
- Companies need to take a holistic approach to VAT compliance, considering changes in technology and reporting obligations
- The internal VAT management function needs to evolve to adapt to global changes and harmonization efforts
- The Spanish SII (Suministro Inmediato de Información) contributes to a holistic approach to VAT management by providing immediate information to tax authorities
Source: ivaconsulta.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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