The global market potential for tax reclaim is nearly AUD $102 billion, but constant change in country-specific tax regulations and demands for digitisation of tax reporting have made reclaiming VAT and GST increasingly complex and difficult to manage. Errors, such as late submission of GST or VAT, incorrect GST or VAT charges, or invalid claim documentation, may lead to penalties.
Download the tipsheet for 10 actions you can take to protect against audits and penalties, and maximise your profitability.