VAT is an efficient instrument for taxation for governments but is often a huge source of headache and even lost capital for companies and organisations. Here are the top 3 reasons why it is so complex in international business.
The world of VAT has been in constant change since the start and there is no sign of status quo anytime soon. What is the future of VAT?
VAT hasen’t been around for that long. In the early 20th century, two people proposed independently of each other the idea of consumption tax managed by companies and organisations.