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Is VAT causing you a headache? Learn how you can reduce the pain View in browser






IS VAT CAUSING YOU A HEADACHE?
LEARN HOW YOU CAN REDUCE THE PAIN

Hi Nicole

How does your business manage VAT determination? Many organizations handle VAT
determination using native SAP capabilities, though with many own developed
solutions to support the ever-increasing complexity of VAT. Although these own
developed solutions do not always result in a correct VAT treatment on a
transaction, finance teams were able to analyse and correct the data before
sending it to the tax authorities. But this “correction time-slot” is closing
rapidly.

The EU tax authorities are reducing the ability to analyse and correct the data
as they move on to e-invoicing with clearing and (near) real time reporting. VAT
treatments on transactions need to be “first time right.”  Incorrect VAT
treatments in these systems will increasingly lead to more audits from Tax
authorities, penalties, and reputational damages. Can your business afford that
risk?

Vertex can help de-risk your business from a VAT perspective. Use this
infographic to determine which VAT solution best fits your company’s needs.

VIEW INFOGRAPHIC


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