Richard Cornelisse

Indirect tax strategy plan: example for 2 – 5 years

In Audit Defense, Business Strategy, Indirect Tax Automation, Indirect Tax Strategic Plan, Processes and Controls, Technology, VAT automation, VAT planning on 12/08/2014 at 10:55 am

Below template can be used by the indirect tax function for setting objectives. Allocate realistic amount of hours to specific tasks that are considered a high priority for the coming years (budgeting).

  • Double check that the amount allocated is equal to total amount available in a year
  • For a certain period monitor time spent (as is)
  • Perform a GAP analysis (actual to budget) in case of any gaps determine root cause

Root cause questions

  • Why did the gap happen?
    What specifically caused the gap to happen?

Examples of root causes

  • Wrong prioritization / workload
  • Underresourced
  • Unanticipated projects (non-routine, significant)
  • Tax Audits (visits, announcements, questions)

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