AudioDigest*

Understanding and managing value added tax (VAT): A podcast primer for US multinationals

Currently, over 140 countries worldwide charge and collect VAT/GST and other indirect taxes. But unlike other types of corporate tax, the day-to-day handling of VAT charges and refunds is generally not managed by the tax department but by other groups such as purchasing and fulfillment, leading to compliance issues or an uncoordinated approach which could result in financial and administrative risks at every point in the supply chain.

In this podcast, PwC indirect tax managing director Karen Christie and director Mark Houtzager explain key issues and concepts in value added taxes, including what types of transactions are typically subject to the VAT, how it is charged, how businesses can recover VAT payments, and other concerns for US companies that are unfamiliar with VAT.

• iTunes subscribers: Listen now through iTunes