What would my day be like working on GST issues?
Our GST professionals help clients identify and mitigate risks relating to indirect taxes that could apply to their international transactions. They use their knowledge of different legal and regulatory systems around the world to devise and provide recommendations that help clients meet their compliance obligations as well as their business goals.
As part of the team, you might:
- Research indirect tax legislation issued by both your local country and by other countries worldwide
- Review a client's accounting system to ensure that the indirect taxes are handled correctly
- Work with a multidisciplinary team to map the flow of goods and services in a client's supply chain
- Work with colleagues from other parts of Tax to support your client in selling or purchasing another business
- Map the processes and controls that a client uses to manage their indirect tax risks
- Use your research to prepare the structure of an argument that will defend a client's indirect tax position with the tax authorities and courts
What would my day be like working in Research & Development?
Our Research & Development (R&D) professionals work with clients from a diverse range of industries such as mining, oil and gas, biotechnology, pharmaceutical and IT, range in size from local start up technology companies to multinational companies investing in billion dollar projects. Their role is to understand the clients' business and industry in which they operate and combine this information with their knowledge of tax law to identify eligible R&D projects. By identifying and quantifying projects eligible for the additional R&D tax deduction you'll add value to our clients by reducing their effective tax rate.
As part of this team, you might:
- Attend client meetings with tax managers, CFO's, engineers or scientists
- Visit clients operations to undertake a tour of a mine site or processing plant in far North Queensland or outback Western Australia
- Learn about innovative technologies and prepare summary documents regarding the novel technology
- Calculate the value of R&D benefit for our client
- Research and interpret new government concessions, grants or tax legislation
What skills and knowledge would I acquire in Indirect Tax in my first few years?
You'll acquire knowledge of:
- GST legislation applied to both domestic and international transactions
- International trade agreements and their impact on import/export transactions
- How a client's supply chain structure affects tax implications
You'll also acquire general skills in:
- Research and analysis techniques using dedicated tools and technology
- Creative thinking to apply your knowledge to individual client situations
- Communication and teaming with colleagues from other offices or service lines of EY
- Building and maintaining strong relationships with key client personnel
- Managing a project from start to finish, following appropriate protocols and procedures
What opportunities would Indirect Tax open up?
- Build a reputation in a particular area of indirect tax, such as export controls or indirect tax risk and controls, and use your skills to support major multinational clients
- Focus on a particular industry sector and develop your knowledge to become the leading advisor in that field
- Work with your corporate tax colleagues on significant global supply chain restructuring projects
- Take a secondment or transfer to a customs team in another part of the world