© 2019 RSM US LLP. All rights reserved.
Managing value-added tax obligations, process and structuring
Internationally active middle market businesses are required to deal with a variety of global indirect tax obligations. With many countries changing their value-added tax regulations, it can be a challenge to keep up with the complex task of managing activities in multiple jurisdictions, especially without a technical specialist on staff. With limited in-house resources, reliance is often placed on accounting systems with minimal VAT logic built-in, which can expose organizations to unnecessary risk.
Getting a global VAT position on solid ground
To ensure control of their global VAT compliance, company leadership must have visibility and control of all key global transactions. Accounting systems must be configured to accurately automate VAT decisions, and employees with the technical skills and knowledge must provide effective VAT oversight and assurance.
We can help ensure that underlying transactions are effectively managed for VAT purposes. Learn more about our four pillars of an effective global VAT strategy.