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Accounting and VAT/Tax Legislation

In all countries the detailed accounting, VAT and Indirect Tax legislation and procedure is different.

Even within EU different requirements exist e.g. about the level of reporting needed for VAT.

For companies establishing or aquiring a new subsidiary in another country or for groups standardizing ERP systems one of the main questions is often whether the same system can be used in the countries.

In general the country specific requirements can be grouped into following areas:

  • Sales Tax, VAT/GST or combination
  • Accounting & VAT books (specific formats to be “stamped” yearly etc.)
  • Withholding Tax
  • Reporting using electronic file upload or manual input
  • Other country specific requirements

For more information about specific Accounting and VAT/Tax legislation in selected countries refer to the Country Overview.

GLOBE ACCOUNTING consultants have until now analysed and worked with requirements in 35+ countries. Do you need more detailed information about the requirements in a specific country please contact us and we will be able to provide the information needed. We also have a well proven methodology of identifying requirements in countries not yet on the list.

Finally we have developed an International Legal Module for Microsoft Dynamics NAV to solve a number of local requirements using the world wide version of NAV. This module is available for purchase and currently used in more that 35 countries.