Most businesses have experienced many technology-related issues during the implementation of VAT. The introductory article in the MENA Tax Technology series reflects on the common technology-related issues businesses have experienced and more importantly, how to mitigate them.
This article provides an overview of VAT determination, its significance for businesses, some of the challenges related to determining VAT, and using technology to arrive at the correct amount of VAT accurately.
- VAT determination and its importance
- VAT determination and the challenges
- Compound effect of wrong VAT determination
- Selecting the correct technology
Source: EY
