In particular companies that are involved in cross-border
transactions with goods are faced with the risk that the
eventually applied indirect tax treatment deviates from
the treatment that was envisaged. Experience shows that
this risk is much higher than often thought. There is a
quite number of reasons why things can go wrong, for example:
wrongful qualification of the transaction,
invoice requirements are not fulfilled,
conditions for application of zero rate, simplification
regulation or other regulation are not met,
proof of transport can not be delivered,
incorrect completion of customs or transport documentation,
flaws in communication with internal departments or external
service suppliers,
instructions for import or export are not understood or
not followed.
Generally, companies notice often too late that their indirect
tax treatment is not applied as planned and do not have
the ability to react immediately and appropriately. If a
company is not able to supervise the instances that are
crucial for indirect taxation, the transaction flows will
start to lead a life of their own.
In order to enable companies to keep a close watch on and
to stay in charge of the indirect tax treatment, VAT
plus group offers a web based tool for supervising
indirect tax treatment and which is embedded in supply chain
management. This tool is another feature of the VAT plus
concept of indirect tax processing.
Web based Indirect
Tax Supply Chain Management
In combination with our service indirect
tax process flow management we offer
companies a web based tool for structuring and controlling
the indirect tax treatment using a model that builds on
supply chain management. This model is necessarily custom
made for each individual company that uses this tool. Based
on a design for VAT processing, which builds on the transactions
flows in which the company is involved, the individual aspects
of the process flows are captured and assigned to the involved
persons. Instructions, tasks and communications will be
handled through a web portal over the internet. The responsible
persons within the company can track every step of the process
and can intervene if necessary. This web based supply chain
management will only work if the company commits all relevant
involved internal and external parties to use this tool.
Advantages
Here are some advantages a company can expect by using
our tool for web based indirect
tax supply chain management:
uniform reference platform for all
involved persons;
give instructions for each individual process step, for
example pick & pack instructions, information for customs
forwarder;
upload documents (invoice or pro forma invoice, transport
documents);
online tracking, no need to call or to write;
built-in email communication platform;
possibility to receive email notification of progress,
for example when task is completed;
track & trace the performance
of your external services suppliers;
internet access, thus globally accessible;
available 24 hours, thus bridging
time zones;
possibility to export information (e.g.
excel);
affordable also for small and medium
enterprises.
Companies that
can Benefit from this Tool
The web based indirect tax supply management tool is in
particular of interest for companies:
that distribute their goods locally
in different countries and thus are faced with the necessity
of indirect tax liability handling;
with a distribution centre in one or
more countries from which local customers or customers
in other countries are delivered;
that belong to a group of companies
but do not use internally an uniform system for intercompany
transactions.
Basically every company that wants to manage its indirect
tax position in an efficient way can use this tool.
If you want to learn more about supply chain management
support you can contact us by email
or call our head office at +41
31 312 27 54.
