Tax & Accounting Blog

Tips for manufacturers to maximise VAT recovery

Tips for manufacturers to maximise VAT recovery

How can manufacturers maximise VAT recovery with indirect tax automation software? Recovering as much value-added tax (VAT) as possible is a sound business practice for multinational manufacturing companies. VAT rates are typically much higher than the consumption tax rates in the US. For example, Hungary has a 27% VAT rate, the highest in Europe. VAT […] … Read More

How procure-to-pay tax solutions help manufacturers avoid tax overpayments

How procure-to-pay tax solutions help manufacturers avoid tax overpayments

Procure-to-pay (P2P) tax determination helps manufacturers reduce Value Added Tax (VAT) exposure and avoid wasting money through overpaid input tax Many manufacturers use a procure-to-pay (P2P) digital procurement system to help them extract the most value from their procurement spend. But they’re often overlooking a significant aspect of that spend: the rules around accounting for […] … Read More

Avoid incorrect tax calculations and protect your organisation

Avoid incorrect tax calculations and protect your organisation

Automate tax calculation and overcome the complexities that accompany your global footprint. For businesses of all sizes, calculating indirect taxes correctly isn’t just a matter of getting the maths right – it’s vital to the health of the organisation. Inaccurate tax calculations can be costly and can inhibit an organisation’s ability to plan, grow and […] … Read More

How to find the best indirect tax software for your business

How to find the best indirect tax software for your business

Essential questions to help you choose the right software vendor for your corporate indirect tax process. How do you sort through all the choices and find the right software vendor to automate your indirect tax process? Use the questions below as you evaluate vendors. The software vendor that provides the most items in the list […] … Read More