DK VAT review for public institutions
VAT can be a complicated affair for public companies. Different VAT rates apply across the many supplier invoice and it is easy to make errors. Kaunt keeps an eye on all invoices and makes sure that your VAT accounting is fully compliant.
This meant that we could seek a significant sales tax refund and thereby fully finance the Kaunt solution by that alone”.
Karsten Effe Jespersen, Head of Finance
– Svendborg Kommune, Denmark
Kaunt improves your VAT-related compliance, ensuring that you don’t pay too much or too little
The opportunities for errors are minimized
Systematic errors in VAT procedures, if any, are detected and corrected
Your VAT practices will be adjusted to comply with legislation
Streamlining accounting practices step-by-step as the AI-motor of Kaunt collects data and sees patterns
When you let Kaunt review your VAT accounting you make sure that everything is in full compliance the regulations. The process covers both direct DK VAT (the regular 25 %) and indirect VAT which is “hidden” on the actual invoice but eligible for refund.
A list of candidates for potentially erroneous invoices is delivered by Kaunt
Kaunt’s own accountants review the posting to see if the VAT is posted correctly
VAT experts from our partner PwC will then verify the postings
With all errors corrected, Kaunt can now make sure that VAT is done correctly on all invoices