Indirect tax
Indirect taxes, ranging from VAT, excise 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.
It is highly important to have up to date tax strategy as legislation of indirect taxation is very dynamic these days. In Vilnius office 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 ensuring indirect taxes are handled correctly. Moreover, due to the great experience and excellent relationship with tax authorities EY professionals are capable of representing or assisting the client all the way in indirect tax disputes. We may also provide you with advice before signing important contracts so that it would have the best outcome from indirect tax perspective.
We can support full or partial VAT compliance outsourcing, help identify the right partial exemption method and review accounting systems. Our customs and international trade team help you manage customs declarations, audit and review product classifications and evaluate import/export documentation. Our globally integrated teams give you the perspective and support you need to manage indirect taxes effectively.
Our services include:
- Compliance
Preparation of VAT returns, Intrastat reports and any other reports regarding indirect taxation required by authorities.
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- Advisory
Advisory regarding the calculation and treatment of indirect taxes so that it would serve the best interest of our client and comply with the most recent changes in legislation.
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- Tax reviews
The review of principles of calculation, payment and reporting of indirect taxes. Assessment of the legitimacy of principles of indirect tax calculation and application of tax rates so that the tax risks would be minimised.
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- Negotiations with Tax Authorities
Representing the client in the disputes with the Lithuanian Tax Authorities regarding issues related to VAT, excise duties, environmental levies, etc.
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- Tax litigation
Representing the client all way from the courts on the national level up to the trials in the European Court of Justice.
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- Special projects
Thanks to experienced team we may provide assistance with any other question related to indirect taxation.
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