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Tax Compliance
Tax Compliance
Tax compliance is used to assists income tax, corporate tax, VAT, service tax, customs, sales tax, use tax, or other taxes its users may be required to pay. It is used to calculate user's tax liabilities to the government, keeps track of all transactions (in case of indirect taxes), keeps track of eligible tax credits.
Direct tax compliance
A direct tax is one paid directly to the government by the persons (juristic or natural) on whom it is imposed (often accompanied by a tax return filed by the taxpayer).
Indirect tax compliance
An indirect tax (such as sales tax, value added tax (VAT), or goods and services tax (GST)) is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the customer).
VAT compliance
Value Added Tax (VAT) legislation has a common structure across countries. Like an income tax, it is based on the increase in value of a product or service at each stage of production or distribution.
Service tax compliance
Service tax compliance often include maintenance of credit registers, handling reverse charges, rebate claims on export of services along with payment of tax and filing of returns.
Service FAQ’s
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How advisors prototype the Financial Analysis?
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