VAT determination: avoiding the domino effect

In today’s rapidly evolving global marketplace, understanding the intricacies of Value-Added Tax (VAT) has become more crucial than ever. It’s not merely about comprehending tax laws but also about effectively tailoring them to align with business processes. Accurate VAT determination not only ensures compliance but also sets a firm foundation for financial operations.

Thomson Reuters in partnership with EY provide an in-depth analysis of VAT determination and its implications for multinational organizations. The article highlights the pivotal role of technology in facilitating accurate VAT calculations and offers best practices for seamless integration into existing financial frameworks.