Highlights
- 86% of EU professionals are confident in ViDA compliance, but only 35% understand requirements.
- 78% of organizations lack centralized ViDA governance, risking fragmented country-by-country preparation.
- 54% of organizations say invoice rejection and non-payment by customers is a top concern, ranking business disruption and reputation damage above financial penalties
New survey data from the Thomson Reuters Institute reveals that confidence in ViDA compliance is running well ahead of actual preparation levels for EU organizations. For U.S. indirect tax professionals overseeing global operations, that gap is your responsibility too.
To dig deeper, visit the original article on the Thomson Reuters blog.