VAT Reporting and Compliance

ERP systems simplify tax compliance by automatically calculating VAT based on sales and purchases, generating VAT reports, and ensuring accurate filing. This helps businesses stay compliant with tax regulations while reducing the time spent on manual calculations.

Key Aspects of VAT Management:

• Automatic VAT Calculation: Based on the goods sold and the customer’s location.

• VAT Returns: Generate VAT reports for submission to tax authorities.

• Audit Trail: Maintain a clear and complete record of VAT transactions for compliance purposes.

Placeholder for Screenshot: VAT reporting and compliance tools in Pakk