On a broader level, the taxation laws are divided in two parts: direct and indirect. Global entities face tremendous pressure of compliance while catering to an array of taxation laws varying vastly in each country.
Not adhering to such taxation laws entails hefty penalties, fines or imprisonment. Such organizations need a comprehensive compliance policy in place to ensure reduction in cost of compliance as well as increase in efficiency of the workforce.
As businesses grow, it becomes cumbersome to keep a track of all the forms, statements and returns required by various regulatory bodies. To avoid such hassles, an organization should adapt to new technologies and implement necessary changes. VComply is a SaaS based GRC tool which helps manage tax compliance and save up on the cost of non-compliance.
- Central Excise
- Internal Revenue Code
- Employer Payment Summary (EPS) UK
- Service Tax - Finance Act, 1994
- Federal Tax, USA
- State VAT
- Income and Corporation Taxes Act 1988
- UK Taxation
- Income Tax Act, 1961
- UK VAT
- Income Tax Act, Singapore
- US State Tax