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Testing the effectiveness of a VAT Control Framework using data analytics
KEY Group’s core expertise is designing, improving, implementing VAT compliant processes and testing the effectiveness of a VAT Control Framework. To test such a framework a tailor-made exercise is...
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Data Analytics on all VAT relevant data within SAP
A non exhaustive overview of user benefits All relevant VAT data separately stored in database in SAP (immediate available without any run-time issues) Continuous Controls Monitoring for all...
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VAT Control Framework is an internal control instrument
Tax control framework (TCF) – A tax control framework is a system (process) to identify, mitigate, control and report tax risks. A TCF forms part of a business control framework, which is different for...
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Indirect tax function effectiveness: If one isn’t Cooperating, Change is...
If the risks are truly this high, then shouldn’t it receive more attention from the CFO? The surveys of the Big4 are clear: we are talking about extremely large amounts of money that lack appropriate...
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KEY Group’s services: Data Analytics
KEY Group’s core expertise is designing, improving, implementing VAT compliant processes and testing the effectiveness of a VAT Control Framework. To test such a framework a tailor-made exercise is...
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KEY Group’s services: SAP review
During a SAP review we verify the proper working of the implemented VAT configuration. Changes in the business model, master data or legislation will have an impact on the implemented VAT...
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Indirect tax function effectiveness: a More Innovative Due Diligence
The question is whether there is a method of determining the exact additional tax assessment in an efficient and effective way. A due diligence investigation not only serves the purpose of mapping the...
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Is being fully VAT compliant a realistic goal?
Effectiveness is the degree to which an organization achieves the objectives. When is effectiveness achieved? For the tax function this is if all risks are managed and opportunities spotted and...
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60% of companies say VAT/GST have a negative impact on their business
The importance of indirect tax has increased over the last couple of years. While the rates for direct tax, corporate income tax, are decreasing, the rates for indirect tax keep rising. Time for...
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To self assess VAT risks and opportunities
To self assess risks To self assess opportunities Setting the objectives of the indirect tax function Is being fully VAT compliant a realistic goal? Plan for obtaining indirect tax goals and results...
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Risk differentiation framework fact sheet | Australian Taxation Office
How do we manage tax risk? We use the risk-differentiation framework (RDF) to help us assess your tax risk and determine the intensity of our response in a coherent, consistent and considered way. It...
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Benchmark your VAT control framework
Benchmark information, templates, modules and approaches are shared to support VAT process improvements and meet business objectives The added value of benchmarking the VAT function against best...
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VAT determination of incoming invoices
The purchase order (PO) and the vendor invoice are the VAT relevant data sources used to determine the VAT treatment of incoming invoices. However, the vendor invoice data is in general not available...
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SAP VAT Health Check
During a health check for VAT and GST we will verify the proper working of the company’s VAT configuration. The deliverable will provide a clear understanding of how changes in the business model,...
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Where you are and where you want to go
Benchmark information, templates, modules and approaches are shared to support VAT process improvements and meet business objectives The global tax environment is changing rapidly. How do you...
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KEY Group’s services: Data Analytics
KEY Group’s core expertise is designing, improving, implementing VAT compliant processes and testing the effectiveness of a VAT Control Framework. To test such a framework a tailor-made exercise is...
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