Indirect taxes and global trade
In recent years, issues related to managing indirect taxes — such as VAT, GST, customs and excise duties — have risen on the corporate agenda.
What EY can do for you
Knowing the indirect tax rules for your business operations and applying them correctly are key to avoid assessments, penalties and goods blocked on airports, harbors, roads, etc. Taxpayers and tax administrators do not always agree about the rules. Complex local legislation, evolving business models and widely different compliance obligations in different jurisdictions add to the risk of disagreements.
We can advise you on the steps to take to strategically meet your tax obligations and resolve tax controversy. We foster an open dialogue with customs authorities, government officials, business partners and other stakeholders about customs and international trade issues, the impact of policy decisions and the importance of free trade.
TradeWatch
In today's global economy, moving goods internationally can be a complex and costly activity. Our Global Trade newsletter, TradeWatch, provides timely information about customs and international trade developments to help our clients develop strategies to manage duty costs and the risks of global trade, to improve trade compliance and to increase the operational effectiveness of international supply chains.
TradeWatch Issue 1 2022 (pdf) looks at a wide range of trade topics and developments around the world including the current top trade trends in international trade, customs valuation and OECD transfer pricing methodologies in Canada, reinstatement of chemical superfund excise taxes in the US, recent global trade developments in Mainland China, trade policy initiatives in the EU and update on UK trade negotiations.
As the sense of urgency around climate change grows, businesses are facing rapidly changing policies, shifting stakeholder expectations and evolving business priorities. In this edition of TradeWatch, we include a special section, highlighting some key sustainability topics and issues impacting the trade function, including carbon measures and their effects on EU cross-border imports and on European port, proposals to tackle deforestation and consider how customs authorities could contribute to the environmental agenda.
Podcast: How unilateral digital services taxes put global tax reforms in motion
This episode of Tax and Law in Focus explores how the proliferation of DSTs has helped fast-track BEPS 2.0, triggering the biggest shake-up in international taxation for decades.
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