Companies with international operations face awareness and compliance challenges in a complex and evolving global value-added tax environment. As VAT regimes become increasingly demanding across the globe, complying with regulations becomes even more difficult. Businesses are forced to devote significant time and money to compliance, in many cases relying on inexperienced staff and multiple service providers in different countries. All of this can result in unidentified risks and opportunities, insufficient governance, and business continuity issues.
While VAT is the primary form of indirect tax globally, businesses must also account for similar consumption-based taxes such as GST, HST and other country-specific regimes—all of which carry their own compliance requirements and enforcement risks.
RSM’s technology-enabled global VAT compliance and reporting (GVCR) services support end-to-end VAT compliance. Our team of tax professionals delivers deep experience, technical knowledge and market insights—with state-of-the-art technology supporting the team’s capabilities.