Follow these tips to survive a VAT and indirect tax audit.
Indirect tax, also known around the world as transaction tax, value added tax (VAT), goods and services tax (GST) or sales & use tax, is one of the top revenue sources for local and national governments worldwide. With many governments still struggling to address massive budget shortfalls, it is not surprising that they are tinkering with indirect tax rules in order to extract more revenue. As a result, the sheer number and variety of indirect tax changes are on the rise.
What does this mean for businesses chartered with collecting these taxes on behalf of government?
See full Article: http://businessfinancemag.com/tax-amp-accounting/top-10-audit-pitfalls-and-how-address-them
Posts
