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Time to Think and Act Strategically

Paul Barnes KPMG's Chief Operating Officer for Tax Services in Central and Eastern Europe Prague takes a look at some of the many advantages that EU enlargement will bring
In my previous article (The Tax Journal 26 April 2004 Issue 738) I concentrated on the compliance aspects and risks of EU enlargement albeit on the practical aspects of these. And this was right because this is where most companies have been focusing their efforts when it comes to EU enlargement. But it is important to understand that compliance and more to the point VAT compliance is not the be-all and end-all of EU enlargement. 1 May 2004 brings a host of opportunities in corporate tax as well as VAT that in many cases are...

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