Optimizing Technology to Enhance VAT Management

Thanks to ongoing changes to regulatory regimes, international trade, and business models, value-added tax (VAT) management has never been more complex – or more daunting.

VAT requirements vary among different tax authorities, accurate VAT determinations hinge on loads of variables, and many VAT-free transactions turn out to require significant legwork and documentation. The complex nature of VAT reporting requirements also poses challenges to enterprise resource planning (ERP) logic. Fortunately, there are technology solutions that can help companies and their tax teams overcome these VAT management challenges.

Vertex is hosting a webinar on Oct. 24 exploring the VAT management challenges many corporate finance and tax departments confront. We'll look closely at the value of integrating a tax engine to SAP S/4HANA to support global indirect tax requirements. These benefits include decreasing administration costs and time, lessening the burden (on tax groups) of keeping rates and rules current, and providing a transparent audit trail throughout the VAT lifecycle.