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Indirect taxes, ranging from VAT and customs duties to environmental levies, affect the supply chain and the financial system. They pose unique challenges to multi-national tax functions, since they must be managed accurately and in real time. These often invisible taxes can have significant impacts — on cash flow, absolute costs and risk exposures.
VAT and GST: Can indirect tax compliance be easier?
Take a look at how companies are confronting indirect tax including value added tax and goods and services tax, and the nine leading practices they follow.