Every company—whether it is in the business of selling, buying, building, investing—has to deal with the indirect taxes. In fact, across the world, governments are creating ever-more inventive ways of tariff and tolls: sales taxes, general services tax, business tax, VAT, customs duties, energy taxes, environmental taxes, excises . . . the list is virtually endless. Unfortunately your resources—the ability to manage the myriad kinds of indirect taxes—are not endless. But, if you don’t manage your indirect tax burdens properly, you may find your profit margins decreasing—and your working capital requirements (cash flow) and risks actually increase. You also have to contend with the fact many the authorities in many locales are becoming more insistent that companies diligently comply with all administrative indirect tax formalities such as registration for VAT purposes, the filing of periodic VAT returns, quarterly European sales listings, annual sales listings, Intrastat returns, etc. Time to call in the outside tax specialists.
If this is your situation:
- You need to create a comprehensive indirect tax strategy that will help you manages the effect of such taxes on your financials and risk portfolio.
- You want to set up, automate and digitise all of your indirect tax compliance processes.
- You must have ongoing support to deal with indirect tax inspections and litigation.
- You would like to have a system in place so that you can monitor policy developments, e.g., OECD, EU, WTO, WCO, GATT and national governments.
- You must find a way to better define your key performance indicators and reporting lines for indirect taxes.
- You need advice on ways to lessen the impact of indirect tax costs / risks.
- You require help with a wide variety of compliance and reporting issues, including outsourcing of compliance.
- You need to bring in outside specialists to automate your tax processes, including ERP, e-invoicing, e-archiving and e-filing.
- You want support with internal controls and indirect tax risk management.
- You would like assistance with negotiations with tax authorities, obtaining rulings and litigation.
How PwC can help you
At PricewaterhouseCoopers (PwC) we can show you how to take advantage of your company’s indirect tax opportunities—instead of just passively shouldering the burdens. At PwC we take a broad, multi-disciplinary approach designed to help your company gain a better understanding of its indirect tax processes, opportunities and risks. Our experienced professionals will work with you to identify where indirect taxes are having the greatest impact on your company's growth, costs, risk profile and profitability.
We can work with you to develop and deploy effective strategies that can help you reduce indirect tax costs, manage risks, and bring about revenue growth; plus, we can also help you to create a structure to better manage of your indirect taxes in the future. And, if you business is entirely Belgian-focused we can offer you a full range of VAT representation services, including the preparation and filing of your periodic VAT returns, managing European sales listings and annual sales listings, reconciling turnover as reported in the P&L account and VAT return, as well as preparing and filing Intrastat returns, and providing assistance with VAT audits. Let us help.
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