Getting ahead of the indirect tax challenge

Indirect tax services

Indirect taxes

The growing weight of indirect taxation is heightening the operational and compliance challenges faced by already stretched tax teams.

Changes can come frequently and can be confusing. International trade is growing in complexity and there’s a greater focus on indirect taxation in an increasingly digitised global economy.

Your organisation may be asking “what does this mean for our business?”, “how can we stay ahead of implementation?” and “how can we be sure we’re fully compliant?”. At PwC, we understand this fast-evolving environment and can draw on our experience of developing tailored solutions to help you meet these challenges and address these concerns.

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Managing global indirect tax in a dynamic and changing

Navigate the complexity of global indirect tax by bringing together digitisation, compliance and policy to transform and future-proof your indirect tax function.

The direction tax is taking

Indirect taxes—including VAT/GST/Sales tax, property tax, customs and excise duties, and environmental tax—are becoming more prominent and demanding worldwide. Governments are increasingly looking at Indirect tax as a source of revenue and overhauling how it’s reported and collected—with real-time reporting and e-invoicing high on the agenda to improve compliance and reduce fraud.

International trade and e-commerce has turned the world into a global village—highly interconnected with physical and virtual worlds merging—making indirect taxes particularly relevant for all cross-border businesses. In this fast growing arena, there is growing public pressure on governments to increase the business tax take, with intense focus on the companies at the forefront of the digital economy.

While the international tax framework for both direct and indirect taxes is evolving as a result, the swift pace and complexity of changes affecting indirect tax world are unparalleled and increasingly difficult to manage.

All businesses now have greater responsibility for indirect tax governance. And with tax authorities digitising compliance and harnessing technology to sharpen their focus and audit interventions, it’s now more important than ever to ensure that your indirect tax processes are up-to-date and reliable. 

Direction tax is taking

Indirect tax hot topics

Navigate through trade disruption

From Brexit to tariff hikes, we can help you stay on track.

Globally, trade disputes are on the rise. Some of these may lead to significant increases in duty exposure for importers – including trade friction between the US and China, the impending Brexit, and other protectionist measures in countries like Brazil, India and Turkey. This is potentially disruptive—and costly—for anyone who has an international business.

Coupled with this, the requirements imposed for transfer pricing documentation are becoming increasingly detailed.

Our team can guide you through the solutions and techniques to mitigate duty exposure, and make sure you’re fully equipped to handle the extra compliance and documentation requirements for international trade.

We can help you find the right technology solution to avoid the many disruptive challenges. We can advise on, and implement technology solutions to help you:

  • Reduce compliance risk
  • Support your customs planning
    • customs classification
    • use of preferential origin
    • data analytics to uncover and disclose historical errors
    • design and test processes and controls
    • create customs declarations from ERP-based data.

How we can help

When it comes to indirect tax compliance, we can help you get your operations up to speed and reduce uncertainty. Our global expertise means we can deliver relevant technical insights, clear up the complexities, and provide you with a more informed basis for your decisions, wherever you are in the world.

The key to helping you create a successful indirect tax strategy is building a good relationship, so that we understand your whole organisation, where you do business and how you operate. That way, we can:

  • Help you reduce costs and risks, make your business more efficient, and turn tax opportunities into real results.
  • Understand the impact indirect tax has on your revenue and profits, based on where you operate. For example, if international trade is a key part of your business, we can help you understand the rules in place for your products in each country, and use indirect tax technology to become as tax efficient as possible.
  • Build on this understanding to make sure you have the right people, knowledge, technology, processes and controls for indirect tax governance, wherever you do business.
  • Stay on top of the latest policy trends and developments.
  • Support you to make your voice heard by the national and international indirect tax policy stakeholders. So you can play a part in shaping more effective law and more efficient administrative processes. 

Tax Tools and Resources

Knowledge Navigator

Knowledge Navigator is an online subscription service. Providing trusted up-to-date business critical information on tax, customs, excise, digital and environmental tax news, rates, rules and requirements around the world to help you maintain control, mitigate risk and improve the overall effectiveness of your tax function.

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    Video 14/10/24

    PwC's Knowledge Navigator

    Knowledge Navigator is an online subscription service. Providing trusted up-to-date business critical information on tax, customs, excise, digital and environmental tax news, rates, rules and requirements around the world to help you maintain control, mitigate risk and improve the overall effectiveness of your tax function.

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    Peter Michalowski

    Peter Michalowski

    Global Indirect Tax Leader, PwC US