Successful Indirect tax management has the potential to significantly reduce costs and inefficiencies, having a substantial bottom-line impact. The difficult regulatory environment and business environment has led to the goal for multinationals to transform their billing, purchasing, customs and VAT compliance processes. Standardisation, automation and efficiency are the new objectives. This is especially true in the current uncertain environment.
Companies are continuing to construct tax control frameworks in order to demonstrate quality self-assessments to tax authorities, and indirect tax plays a central role in this. Digitisation is being employed by corporate taxpayers, tax authorities and new directives are being written: eg. e-commerce, e-invoicing, VAT in the Digital Age, DAC7, etc.
There are many different strategies to choose from to determine the correct compliance management business model for your enterprise. Whether to centralise or decentralise, use a tax control framework, and how to apply lessons learned is of critical importance. Tax technology and automation holds a vital role in this process, and it is important to correctly fit technology with your compliance and reporting processes. Centralisation and technology trends are also driving companies towards adopting VAT compliance programmes. Significant EU VAT reform is here while VAT and GST reform has an continues to occur all over the world.
Utilise this sixteenth edition leading event to benchmark how leading multinationals are implementing new indirect tax initiatives in their operations. Hear their perspectives on VAT risk, compliance and VAT automation, in an informal interactive environment. Attend this event to learn from their experiences, compare approaches and take away concrete strategies that you can use to improve indirect tax strategy in your enterprise.