For years, VAT compliance has been defined by one unavoidable reality: everything happens after month‑end close. Data extraction, reconciliations, invoice reviews, error chasing, missing data searches, and […]
For some years now, most VAT compliance tools promise efficiency, a few offer workflow improvements and nearly all get rid of the need for excel spreadsheets. These […]
Keeping up to date on VAT legislative changes can be a challenge for international operations. Each new legislative change in the indirect tax system in every country […]
What is triangulation? Many multi-national companies operating across the EU make use of the “triangulation simplification”. This removes the burden to VAT register in different Member States […]
Standard SAP determines a VAT decision using 5 basic VAT determination characteristics: It is possible to manually change any of the above characteristics (with the exception of […]
Many businesses know that standard SAP cannot determine the VAT treatment for many types of complex EU transactions in an automated and compliant way. The root cause […]