Indirect Tax Our indirect tax professionals work with clients that trade goods or services nationally and internationally. They advise how indirect taxes such as value added tax (VAT) or goods & services tax (GST) impact the client’s supply chain and financial and accounting systems. They identify and address areas of risk, advise clients on the taxation implications of international trade and assist them in complying with customs regulations. Working in Indirect Tax, you’ll gain wide-ranging experience across industries and geographies, and receive the support you need to become an effective tax professional. Click on the questions below to learn more. - What would my day be like working on VAT/GST issues?
Our VAT/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 on customs and international trade issues?
Our customs and international trade professionals help clients manage the customs requirements imposed on their import and export transactions. They provide support with customs declarations, audit and review product classifications and evaluate import /export documentation. As part of this team, you might: - Research developments in international trade affecting taxation of imported/exported goods
- Help implement special customs regimes that would mitigate a client’s import tax liabilities
- Prepare the documentation that supports a client’s application for a supply chain security program
- Research the appropriate classification, or value a client’s products for customs purposes
- Map the flow of goods and services in a client’s international supply chain
- Monitor global developments in international trade that would impact a client’s key markets
- What skills would I acquire in my first few years?
You’ll acquire knowledge of: - VAT/GST legislation applied to both domestic and international transactions
- VAT procedures and appeals processes
- 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 Ernst & Young
- 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?
You could: - 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
|
|
|
/$FILE/80L00023_310x188.jpg "Careers")