VAT and other indirect taxation consultancy
Indirect taxation, such as value added taxes and sales taxes can form up to 30% of a company’s turnover per year. Lack of indirect tax management can reduce cash flows, allowing underpayment or overpayment of taxes which attracts penalties for non-compliance.
Our experts provide pragmatic solutions to different issues raised by indirect taxation. We have experienced VAT-specialists, based in the PKF International’s offices worldwide.
Value Added Tax (VAT) is being charged on most business-to-consumer and business-to-business transactions in EU and in a large number of other countries. In the same time, Value Added Tax laws are national laws. European national laws are framed within certain parameters, which are specified by the Council Directive 2006/112 on the Common European System of VAT.
Nevertheless, many issues may occur, as each country has a significant independence in its VAT policies and regulations. Problems arise mainly through the complexity of VAT legislation which is a growing concern for migrating or international businesses.
Indirect taxation management is a key issue for many companies involved in international commerce, as well. Our VAT specialists will help you to minimize your expenditures by finding the optimal VAT position for your planned or current business activities. We provide assistance with VAT planning, registration and compliance, plus ongoing local and international advice.