VAT Readiness Assessment
VAT Readiness Assessment
Get a free specialized service for a successful transition towards VAT compliance.
Overview:
Our VAT Readiness Assessment service helps you evaluate your VAT setup and compliance readiness through a diagnostic approach by reviewing underlying resources, processes, operations and systems.
Objective:
To assess readiness for your VAT compliance, identify gaps and recommend an action plan to close the gaps.
Methodology:
One-on-One personalized VAT advisory session plus a final 2-hour meeting where you receive an in-depth assessment report and action plan with forward looking brainstorming session.
Benefits:
- Gain insights on key business areas requiring changes to comply with VAT regulations.
- Execute timely VAT action plan to implement required changes.
- Uncover hidden problem areas well before they start causing trouble and violate VAT regulations.
Deliverables:
- A comprehensive VAT Readiness Assessment Report - Clients receive an in depth VAT Assessment Report of seven major VAT impacted business areas covering, business structure, supply chain, sales & marketing, human resources, accounting & Finance, IT systems and legal compliance. Clients can place a sharper focus on individual areas for improvement and compliance.
- Action Plan - Action plan covering prioritized key areas to close gaps towards effective VAT management and compliance.
Who should use it?
- You need VAT compliance but not sure which areas will be impacted.
- Need suggested plan for improvement as a guide.
- Need a document your team can use as a focus point for VAT implementation.
- You want a clear set of action plan to manage successful transition to VAT.