Adjust Your SAP System to Keep Up with Changes in VAT

Adjust Your SAP System to Keep Up with Changes in VAT

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The European Union’s efforts to prevent tax fraud have led to a change in its value added tax (VAT) — the reverse charge VAT. Key Concept Value Added Tax (VAT) is a common tax system in the EU. Tax authorities are revamping the system to combat fraud. The original principles used for local VAT are...

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