How PwC can help your business prepare for VAT

• Assess the impact, including review of VAT on prices and costs, and transaction analysis to provide advice on classification, valuation, applicability of taxes on transactions and admissibility of tax benefits/exemptions.

• Scope, plan, implement and review your VAT implementation programme.

• Analyse and review business processes and plan efficient corporate structures.

• Undertake your registration with the appropriate government department and liaise on business specific issues to ensure readiness.

• Advise on the review contracts, communication with, and education of customers and suppliers about how the changes will affect their dealings with you.

• Carry out health checks and implement compliance measures, including review of business enterprise systems, while assimilating the entire process into your company's operational structures.

• Maintain management control over indirect tax spend and increase shareholder value.

• Train staff to deal with new systems: financial and accounting; information technology; and organisational.

• Review taxation and regulatory obligations to minimise your VAT liabilities and reduce your exposure to tax penalties and interest.

• Focus on both savings and strategic opportunities as well as risk management.

Back to Indirect Taxation (VAT and customs)