ISG Software Research Analyst Perspectives

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for Topic: Vat
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Automation Addresses VAT Tax Challenges

Posted by Robert Kugel on 16 May 2024

Value-added tax is a consumption tax levied at every point in a supply chain—from production to final sale. It’s based on the difference between the cost of production and the selling price of a product or service, or the value added. Sales taxes are different in that they are generally collected only at the final point of sale to the ultimate consumer. Enterprises collect the value-added tax...

Topics: Office of Finance, Tax, tax compliance, VAT, Order-to-Cash, Value-Added Tax, Sales Tax

Value-Added Tax Transformation Streamlines Compliance

Posted by Robert Kugel on 17 March 2022

Value-added tax is a type of levy that is applied at each step of a transaction chain, from basic inputs to the final good or service. The amount assessed is based on the value added by an organization (hence the name) when a transaction occurs. VAT is used throughout the world because, historically, it has been harder to evade compared to income taxes. VAT is a common method of national...

Topics: Office of Finance, Tax, VAT