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Every company is responsible on its own for the correct invoicing and settlement of value added tax. Whether and how intensely a company is audited depends greatly on the tax administration’s trust in the business community as a whole, and individual companies in particular. Consistent, capably administered VAT compliance reinforces that trust and ultimately saves money, fosters effectiveness and resource efficiency, optimises cash flow and avoids the risk of stiff penalties. In the whitepaper entitled “Megatrend: Value Added Tax”, PwC Switzerland takes a closer look at these aspects and shows companies how VAT compliance actually accrues to their benefit and improves their operations.
Director, Indirect Taxes, PwC Switzerland
Tel: +41 58 792 4280