Invoicing system review
ServicesTax advisory and legal servicesTax advisory servicesVAT advisory services
Invoicing system review
Going into the maze of the VAT Act’s provisions, it is a major challenge for companies to issue their invoices on a daily basis in full accordance with the substantive and formal requirements. Moreover, the right of VAT deduction is only granted in the possession of an invoice issued in compliance with the legal provisions; as such, special attention must also be paid to reviewing invoices as their recipient.
The related risk is therefore significant. In the course of tax audits, the invoices issued and received are generally subject to a detailed examination, and even minor omissions or errors can result in serious penalties.
How can Mazars help you?
Mazars provides support in the review of your invoicing system within the framework of our tax advisory services. We help you to identify system- based errors and risks, and we also propose the most effective ways to eliminate or mitigate them.An invoicing system review might cover several areas. However, the scope of the service could be tailored to your exact needs, therefore it might only cover the areas considered critical.
If you have any questions in connection with our services, please contact our advisor colleagues.
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