Indirect taxes, ranging from VAT and customs duties to environmental levies, affect the supply chain and the financial system. They pose unique challenges to multi-national tax functions, since they must be managed accurately and in real time. These often invisible taxes can have significant impacts - on cash flow, absolute costs and risk exposures.
Thanks to our network of dedicated indirect tax professionals, who share knowledge and ideas, we can provide a seamless, consistent service throughout the world and deal effectively with cross-border issues. These include advising on the VAT and consumption tax treatment of new and complex transactions and supplies and helping resolve classification or other disputes and issues with the authorities.
We provide assistance in identifying risk areas and sustainable planning opportunities for indirect taxes throughout the tax life cycle. We provide you with effective processes to help improve your day-to-day reporting for indirect tax, reducing attribution errors, reducing costs and to give you greater confidence that your indirect taxes are properly addressed.
We can support full or partial VAT and consumption tax compliance outsourcing, assess the right partial exemption method and review accounting systems. Our customs and international trade team helps you develop customs effective supply chains, analyze and improve Free Trade Agreement (FTA) usage, manage customs valuation risks and realise opportunities, classify your goods and handle customs audits and disputes. Our globally integrated team gives you the perspective and support you need to manage indirect taxes effectively. It’s how Ernst & Young makes a difference.