Your business relationships can have hidden risks that jeopardize your company. In today’s trading environment, businesses need a watertight due diligence strategy to prevent sanctions breaches and other global trade compliance violations. However, screening commercial…

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Thomson Reuters explores how companies can update their data management approaches and compliance strategies to mitigate risk and achieve better cost control within their tax and trade functions, no matter where in the world they do business.

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Thomson Reuters provides a quick summary of each country and where they are on their VAT journey; touches on lessons learned; and then focuses on how technology can help businesses to either get ready for the introduction of VAT or streamline their VAT compliance processes to ensure compliance in an increasingly digital tax environment.

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Thomson Reuters reviews the importance of VAT audits, best practices that can be adopted, and areas needed to be focused by businesses to ensure their systems and VAT processes are compliant.

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How can a business ensure that their VAT processes are compliant and future-proof? Thomson Reuters covers these areas in the latest article, breaking down the trends, challenges, and steps businesses must take to be prepared and future-proof their businesses for VAT.

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Thomson Reuters highlights 6 reasons why purpose-built VAT software that seamlessly integrates with existing business systems can help your business manage modern VAT demands with greater confidence.

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