To do the impact assessment we are thoroughly understanding the business and all types of transactions involved. Then we are assessing the taxability of the transactions. Our VAT Impact assessment includes the following key areas:

• Business fact summary
• Key impacts of VAT on business
  • Organizational impact
  • Operational impact including impact on business processes
  • Financial impact
• Key risks related to the VAT
  • High risk area
  • Medium risk area
  • Low risk area
• Contract analysis
• Transactional analysis
  • Revenue transaction analysis – local sales and exports
  • Procurement transaction analysis – local purchases and imports
  • Expenses transaction analysis
• Recommendations
• Road map