The risk of financial non-compliance has more than just
financial and reputational consequences. It can also affect
resources, leading to increased costs for your business.
Before, during and after a transaction
When it comes to timing, compliance requirements might apply
before, during or after finalising a transaction, so it's
important to stay on top of them at every stage.
If all the necessary tax registrations and business licences are
not in place, a company cannot perform its everyday activities. In
Brazil, for example, you need to obtain a RADAR license for
import/export activities. In the absence of this licence, no
importing or exporting is possible.
Real-time reporting and withholding tax payments are probably
the most telling examples of compliance requirements arising almost
at the same time as an event is triggered. In Hungary, every sales
invoice needs to be electronically sent to a government platform on
the same day. In Serbia - similar to
