Richard Cornelisse

How to scope any VAT project

In Indirect Tax Strategic Plan, Uncategorized, VAT planning on 21/02/2014 at 10:34 pm

Over the past couple of weeks I have had more than a few calls where I needed to help a partner or a client with getting their arms around a major VAT-driven project.

Global projects often seem overwhelming, and it is difficult to find an efficient starting point. The focus for all of these projects was on mapping the supply chain with a goal to either do (or re-do) an implementation, or get a better understanding of the global VAT footprint.

Establishing the VAT liability of the operations of a global organization is a big deal. I am a firm believer in following the mantra of The Six Sacred VAT Questions to work towards a reliable result:

Who sold What to Whom, When, Where and for How Much?

Keep that in mind when you use this rather coarse, but hopefully useful one-pager.

12questions

via How to scope any VAT project | Value Added Tax Blog.

By Mark Houtzager is the principal consultant at US VAT, Inc. – providing Value Added Tax support for U.S. multinationals.

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