Value Added Tax (VAT)

Value Added Tax: Understanding the Basics

Determining what the Value Added Tax (VAT) implications are of operating internationally can be daunting and time consuming. Failure to recognize and address overseas VAT requirements can result in additional costs, unanticipated tax liabilities, potentially avoidable VAT registration obligations and severe penalties for non-compliance. An understanding of the principles and concepts of VAT will enable your business to plan effectively to address its obligations.

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