Risk Management for VAT: Strategy, Control Framework, and Performance Improvement
International tax authorities have become increasingly diligent in monitoring value-added tax (VAT) compliance. Meanwhile, cross-border trade by U.S. companies is at an all-time high. Poor processes, absence of controls, and errors made in the administration of VAT within an enterprise constitute a significant risk for these businesses, including noncompliance, inefficiencies, and unexpected VAT-related costs. This webinar highlights the importance of an appropriate VAT strategy and control framework, and discusses best practices for enterprise management relating to VAT.