"Measure the magnitude of that problem, determine why the problem exists, and generate a set of solutions to ensure that the problem goes away."
When high risk indirect tax areas and lowest performing VAT processes - that have a direct impact on the company's VAT objectives - have been identified, the next step is to measure the performance in term of effectiveness and efficiency of each of these processes
The first phase is therefore a zero measurement that identifies key indirect tax risks and worst performing processes that in the end should be improved. Identify the lowest performing indirect tax processes that have the most direct impact on the company’s business and tax objectives.
To assess and measure indirect tax performance:Read more