DK VAT review for public institutions
VAT can be a complicated affair for public companies. Different VAT rates apply across the many types of supplier invoices. It’s 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 drastically minimized
Systematic errors in VAT procedures, if any, are detected and corrected
Your VAT practices will be adjusted to comply with legislation
Kaunt streamlines accounting practices step-by-step. It’s AI-motor collects data and finds patterns
When you let Kaunt review your VAT accounting you are assured that everything is in full compliance with current local regulations. The process covers both direct VAT (the regular 25 %) and indirect VAT which is “hidden” on the actual invoice but eligible for a refund.
A list of candidates with potentially incorrect invoices is collected and 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 moving forward on all invoices
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