Why is VAT still flying under the radar?
Something interesting has been happening at KPMG in Hungary. To combat the challenging Hungarian economy, the local office started looking at other opportunities to export their services – and at the same time shore up the revenue base. In doing so, they appear to be taking advantage of a fast-growing trend. After only three years, a team of 60 is now providing centralized VAT and Indirect Tax compliance services to an international customer base – and 30-40% growth is expected over the next year.
Mark Bownas, Deputy Senior Partner for KPMG in Hungary takes Barbara Hodge’s questions on camera, at SSOW in Amsterdam earlier this spring, and outlines the three options for a more standardized approach to Indirect Tax compliance.