Richard advises multinational businesses in improving the efficiency and effectiveness of their Tax Function and Tax Control Framework and specializes in the tax aspects of financial transformations, shared service centre migration, and post merger integration.
Robbert has vast experience in multinational SAP systems respectively global SAP/Sabrix projects and is specialized in the design of solutions in which tax requirements, business processes, and system functionality are integrated. In addition an expert in auditing of indirect taxes via statistical sampling and data analysis.
From his background in Applied Mathematics, Ferry has vast experience in data analysis, including the design and evaluation of statistical samples as part of internal and external control. In addition, Ferry has extensive experience in advising about and evaluating of (IT)- risk management and internal control for multinationals.
M&A - integration and indirect tax: managing the moving parts
An indirect tax strategy will allow the new business to function effectively from go-live, from both a tax and commercial perspective, so that it can move inventory, generate sales and invoices, face fewer disputes with non-paying customers, etc.
There is a global trend toward increasing VAT rates and broadening the grounds for charging VAT. Numerous multinational companies use very many different tax codes and risk facing a “shortage” of necessary tax codes.
Demonstrate the reliability of your tax administration
Horizontal supervision and the use of sampling and data analyses make it possible to demonstrate the reliability of your tax administration yourself. This provides opportunities for companies to avoid additional taxes and tax penalties.
Determining the VAT liability and VAT recovery of businesses’ transactions (the system’s indirect tax functionality) can be automated within Enterprise Resource Planning (ERP) systems such SAP and Oracle, or by way of a manual processes. Such determination logic can be hugely complex.
The aim of the blog is to discuss fraud in general and, more specifically, VAT fraud. Is there a positive correlation? What is the impact on tax disputes, a company’s prioritization and the game plan needed to mitigate risks?