In a region with little experience of indirect taxation, the introduction of VAT in 2018 was a paradigm shift for companies. In a business environment that saw rapid change to internal finance processes and to the technology and systems that support those processes, some companies have coped better than others.<\/p>\n\n\n\n
Businesses have recognized two main challenges: identifying the right systems<\/strong> and implementing the correct processes<\/strong>. At the same time, tax authorities globally are pursuing more real-time reporting and beginning to delve into real data to find out what is factual as opposed to what is being reported.<\/p>\n\n\n\n With these trends, 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.<\/p>\n\n\n\n Fill the form to the right to access the whitepaper.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" 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.<\/p>\n","protected":false},"author":107,"featured_media":414,"template":"","categories":[686,683,659,689,658,684],"tags":[777,776,764,779,778],"resource_type":[638],"insight_job_role":[704,713,712,714,786,719,718,721,790,788,725,724,730,784],"insight_practice_area":[],"class_list":["entry","author-corpadmin","has-excerpt","post-411","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-business-transformation","category-crisis-management","category-global-tax-reporting","category-indirect-tax","category-leadership-strategy","category-strategy","tag-gcc","tag-tax","tag-tax-technology","tag-technology","tag-vat","resource_type-whitepaper","insight_job_role-accounts-finance-professional","insight_job_role-chief-financial-officer","insight_job_role-chief-information-officer","insight_job_role-chief-operations-officer","insight_job_role-chief-tax-officer","insight_job_role-finance-director","insight_job_role-financial-controller","insight_job_role-financial-planner","insight_job_role-head-of-international-tax","insight_job_role-head-of-tax","insight_job_role-it-technology-manager","insight_job_role-operations-manager","insight_job_role-procurement-manager","insight_job_role-tax-manager","hentry"],"acf":[],"yoast_head":"\n