Recent years have seen striking changes in the VAT landscape, both in China and overseas, in relation to the scope of the tax, its mode of operation and the technology underpinning it. Lachlan Wolfers reviews a series of predictions made in 2014.
Looking ahead, technological changes will impact VAT administration and compliance, with significant implications for the role of the VAT professional. Lachlan Wolfers sets out a series of predictions for the years ahead.
The world will see VAT further increase in importance as a revenue raiser for countries and there will be ongoing change to its scope and mode of operation. Lachlan Wolfers makes predictions for the coming years.