VAT Risk Profile and KEY Risk Identifier

Please find attached a VAT Risk Profile template and a KEY Risk Identifier to determine in an efficient and effective way the company's risks and current state.

Use a top-down, risk-based approach
In order to devote the time and effort to the tax risks that really matter, start with a risk assessment and priority
setting at corporate level. Setting the approach and standard at corporate level has proven to be the most efficient
approach in most companies.
Move step by step instead of a big bang approach
Although the approach is holistic and generic and in the end the tax authorities expect all taxations to be covered, this does not mean that the company has to do everything all at once and at the same"
Risk management is about people, not just about systems and techniques
Do not forget risk management is about the behaviour of people. So in a TCF approach, sufficient attention should be paid to communication, training, etc."