Frequently Asked Questions

Everything you need to know about VAT compliance

What is VAT compliance and why is it important?

VAT compliance involves meeting all requirements set by the Canada Revenue Agency for collecting, reporting and remitting value added tax. Staying compliant helps you avoid penalties, ensures accurate record keeping and builds trust with customers and authorities.

How does Vataneo help businesses with VAT filings?

Vataneo streamlines the filing process by preparing accurate VAT returns, monitoring deadlines and submitting documentation electronically to the CRA. Our team reviews your transactions to classify taxable and exempt sales correctly.

Can Vataneo support cross-border transactions?

Yes. Our experts understand both Canadian VAT rules and international regulations. We assist with import/export VAT handling, customs declarations and zero-rating procedures to keep your operations compliant.

How long does it take to set up VAT compliance services?

Initial onboarding typically takes one to two weeks. During this period, we gather your transaction history, configure reporting templates and align our processes with your internal workflows to deliver timely filings.

What documents do I need to provide for VAT compliance?

We require sales invoices, purchase receipts, import/export records and any prior CRA correspondence. Digital copies are accepted. Our team will provide a secure portal for uploading and managing these files.

How do you ensure accuracy in VAT calculations?

We apply a multi-step review process that includes automated validation checks, manual cross-referencing of rates and internal audits before final submission. This layered approach reduces errors and maintains consistency.