Intrastat reports are becoming more crucial for tax authorities in assessing the risk of VAT fraud, which is a significant concern for the European Commission and local governments. This underlines the importance of accurate and timely Intrastat reporting. Tax authorities often examine discrepancies between VAT returns and Intrastat reports, as these inconsistencies can lead to audits. In practice, reconciling these reports after the fact can be labor-intensive and even impossible due to the need for a reliable audit trail.
KGT has developed an SAP add-on that includes optimized processes featuring:
As a recognized leader and long-standing official 'SAP Build partner', KGT specializes in developing SAP add-ons for VAT reporting, EC listing, e-invoicing, and SAF-T reporting. Our solutions support a company's tax control framework and include features such as Intrastat reporting, VAT number validation, and VAT data analytics:
We provide comprehensive tax solutions that support our clients throughout their entire tax lifecycle within SAP. Our services are utilized by reputable multinational companies across Europe and beyond.
KGT is a SAP partner for PE services and SAP Build partner, and to become an SAP partner, strict due diligence requirements must be met, including having certified SAP consultants. You can find us at: https://partnerfinder.sap.com/profile/0001925409