Co-sourcing
Entirely outsourcing your indirect tax obligations to outside advisors can be a valid approach, but between that and insourcing there is an intriguing middle-of-the-road option for some companies: co-sourcing. By continuing to own critical functions, while co-sourcing others, companies can maximize both effectiveness and efficiency and set better priorities around where their in-house people and process solutions can add the most value. In some cases, specific geographies and activities are outsourced, while others are managed in-house.
Functional control remains in-house through the EY Global VAT Compliance and Reporting hybrid co-sourcing approach. EY resources help manage those parts of the VAT/GST compliance obligations where EY can offer more value and address areas of added complexity. With EY people and infrastructure available on an as-needed basis, this gives your organization greater flexibility and you gain opportunities for significantly reducing your costs to recruit, train and employ in-house talent.