VAT Compliance: The business case for tax engine

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Key Takeaways

Organizations must have control over VAT due to increased reporting requirements and data exchange among countries.

There is a growing focus on indirect tax within Tax Control Framework discussions, making VAT compliance more critical.

Investing in a tax engine can help tackle the challenges in VAT's end-to-end process by identifying root causes and exploring viable solutions.

VAT compliance is not for free; why would you want a tax engine for VAT?

The answer to this question is that it becomes increasingly important that an organization is in control of VAT. The legislative drivers behind this include increased reporting requirements imposed by various countries, increased data analysis capabilities and exchange of information, and a shift in Tax Control Framework discussions towards indirect tax.

Read the whitepaper by Vertex to learn how to tackle the challenges in VAT’s end-to-end process by examining the root causes and exploring the options.

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