Managing indirect tax data in the digital age

VAT/GST e-filing and data extraction:

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VAT/GST compliance and reporting is clearly one of the areas where technology can help to improve indirect tax management. How are tax administrations responding to the digital challenge? Where do VAT/GST payers have more obligations, and where do they have more opportunities?

In the digital age, VAT/GST payers’ obligations are increasing as tax administrations look to collect more taxpayer data electronically. But advances in technology can also ease the burden and allow taxpayers to meet those obligations more easily and at lower cost.

In tandem with our report “Managing indirect tax data: gaining insight and control in the digital age,” we conducted a global survey of EY Indirect Tax professionals in 86 countries.* We asked them about the information collected from VAT/GST payers by their local tax administrations, how the information is collected, how long it must be retained, how it may be stored and whether tax administrations extract data from VAT/GST payers’ systems for tax audits.

We confirmed that VAT/GST payers face a wide range of reporting obligations around the world. The frequency of reports and type of VAT/GST data collected varies greatly from country to country. The lack of harmonization and mounting demands for accurate transactional information can challenge even the most effective accounting systems, making it difficult to centralize and standardize processes.

At the same time, businesses are increasingly able to adopt electronic strategies that allow them to issue their tax invoices and to store large amounts of data efficiently, cost-effectively and securely.

Tap into the data of our survey to discover more about the trends, challenges and opportunities that exist far and wide.

* Albania; Argentina; Armenia; Aruba; Australia; Austria; Belgium; Bonaire, Sint Eustatius and Saba (BES Islands); Brazil; Bulgaria; Canada; Chile; China; Croatia; Curaçao; Cyprus; Czech Republic; Denmark; Dominican Republic; Ecuador; El Salvador; Equatorial Guinea; Estonia; Fiji; Finland; France; FYR of Macedonia; Georgia; Germany; Ghana; Greece; Guam; Hungary; Iceland; India; Ireland; Isle of Man; Israel; Italy; Japan; Jordan; Kazakhstan; Kenya; Latvia; Lebanon; Lithuania; Luxembourg; Malawi; Malaysia; Malta; Mexico; Moldova; Mozambique; Namibia; the Netherlands; New Zealand; Norway; Pakistan; Panama; Paraguay; Peru; Philippines; Poland; Portugal; Puerto Rico; Romania; Russia; Singapore; Sint Maarten; Slovak Republic; Slovenia; South Africa; Spain; Sri Lanka; Suriname; Sweden; Switzerland; Thailand; Trinidad and Tobago; Turkey; UK; Uruguay; Venezuela; Vietnam; Zambia; and Zimbabwe.