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Ernst &Young >Services>Indirect Tax Overview - Ernst & Young - New Zealand

Indirect Tax

Indirect taxes, ranging from GSTand 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 GST 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 ensuring indirect taxes are handled correctly.

We can support full or partial GST compliance outsourcing, 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. It’s how Ernst &Young makes a difference.

VAT and GST: Can indirect tax compliance be easier?

Take a look at how companies are confronting indirect tax including value added tax and goods and services tax, and the nine leading practices they follow.

Practical issues of changing the GST rate from a systems perspective

What does an increase in GST mean from a practical perspective?  The consequences of the upcoming change in GST rate are complex from a business accounting system perspective.  This is not simply a case of altering the GST rate in your accounting system.

This 2010 GST Alert looks in more detail at the impact of the GST rate change on a systems environment. (pdf, 128.2kb) 

Are you prepared for a GST increase?

The government has announced in the 2010 Budget an increase in GST to 15%, effective from 1 October 2010. There are a lot of factors to consider when planning for this increase.

Now is the time to review how ready you are for this change.

Our GST specialists have prepared the following checklist for your consideration. (pdf, 127.9kb) 

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Contacts

Iain Blakeley 
+64 9 300 8015

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Keep current on tax issues

Read the December Tax Watch.  Please email us to subscribe to Ernst & Young's monthly Tax Watch newsletter.

View all previous issues.

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