A number of multinational companies acting cross border experience more administrative, cash flow, timing and other indirect tax related hurdles as VAT rates are rising and VAT amounts on the tax authorities bank account and related admin is rising. The Deloitte VAT Attractiveness Index presents an overview of VAT related factors that could influence multinational companies' (MNEs) in terms of administrative ease, cash flow, ERP impact and operational handling.

The overview focuses on:
  • Implementation of simplification measures provided by the VAT Directive in the various countries.
  • Measurable factors such as, possibility of forming VAT groups, availability of import licenses for deferring payment of import VAT, warehousing and use of VAT zero rates, opportunities for VAT bad debt relief, etc; and also 
  • Less measurable "soft" factors that could be of importance such as possibility of obtaining certainty on tax treatment form the authorities, speed of handling refunds and complaints, administrative delays, and general approach of the tax authorities
Purpose: provide MNEs insight in application of simplification measures from a VAT point of view, that they are likely to encounter in international business models, supply chains, ERP and IT organisation and financing.
Deloitte VAT index


Bron: Deloitte

Informatiesoort: Nieuws

Rubriek: Omzetbelasting


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