Ernst & Young Indirect Tax Briefing
We would like to introduce you our Ernst & Young Indirect Tax Briefing. In this issue, we look at how multinational companies are responding to changing global trends, how the management of indirect taxes can be improved and how the indirect tax landscape impacts the tax function and the role of the indirect tax executive. We also look at the indirect challenges posed to supply chains by globalization.
Turning to the EU, we examine VAT issues that arise from cross-border transactions within the same company and between VAT groups. The cross-border treatment of services has a significant impact on businesses in the financial services sector, as most of them cannot recover all their VAT costs. Staying with the financial services sector and the EU, the variations in the VAT position of pension funds across the 27 member states is outlined and we comment on the likelihood of harmonized treatment in the near future.
Our global network of VAT and customs professionals also provide information and insights on indirect tax developments and hot topics in a number of countries including Australia, Brazil, the Czech Republic, Hungary, India and Mexico.
We would like to draw your attention to our Belgian contributions in this issue, namely the articles:
- Managing indirect taxes in the supply chain: supporting growth and reducing cost and risk
- Europe clears the way for electronic invoicing
We hope you will find this publication interesting and informative. Please contact you indirect tax advisor should you have any questions or would like to discuss any of the issues covered in more detail.