Errors, small oversights or even the failure to follow procedures in paying indorect taxes may lead to the obligation to pay considerable penalties and interest for late payments. On the other hand, competent application of regulations and procedures defined by the law and an awareness of the tax authorities’ practices may create significant savings for your business.
In addition, appropriate indirect tax planning is extremly important for doing business across international borders. Any savings on indirect taxes will improve competitiveness along with overall profitability of your business.
How we can help
We can help you with everything from achieving such savings to ensuring that you minimise risk and operate seamlessly across international borders, while remaining compliant. Our professionals have comprehensive experience in solving complex issues related to VAT, excise, and customs duties, giving sensible advice, as well as finding practical and innovative solutions. We act with the purpose of providing rounded solutions through our collaborative relationship with other PwC lines of service. This helps us to give you valuable and comptehensive support in interaction and disputes with the tax authorites.
Our Indirect Tax Team will gladly provide you with a following range of services to help your company settle its tax obligations correctly and efficiently:
- Hot-line indirect tax services
- Indirect tax review
- Assistance during tax audits and dispute resolution
- Training on indirect tax matters
- VAT structuring
- Advice on indirect tax matters
- VAT and Excise compliance
- VAT and excise modelling
Hot-line indirect tax services
On-going support in respect of indirect tax implications which involves:
- Updates on indirect tax changes related to your business
- Phone and e-mail based advice
- Preparing and filing ruling requests, advance ruling requests and requests for supervisory reviews
Indirect tax review
- Review of fullness and accuracy of VAT and excise reporting
- Analysis of sufficiency of the supporting documents for input VAT recovery
- Identification, assessment, and mitigation of indirect tax risks
- VAT health check and analysis of business processes
- Evaluating business operations and most significant transaction of the Company from indirect tax perspective, ensuring correct application of VAT and excise tax
- Identification of potential indirect tax savings
- Identification of suspicious, risk-bearing transactions
Assistance during tax audits and dispute resolution
- Assistance during the tax audits, including independent opinions, responses to official requests, support during meetings and negotiations with the authorities
- Full scope support within court litigation process
- Assistance in drafting and filing of ducuments and communication with govenrmaent agencies
- Preparing for an audit, including pre-audit reviews; submission of disclosures; attendanding and representating at meetings with the tax authorities
- Drafting and reviewing requests for tax rulings
Training on indirect tax matters
- Providing awarenss training on indirect tax compliance issues for your staff
- Updating your staff on recent and upcoming changes in indirect tax regulations
- Delivering other technical trainings and seminars
VAT structuring
- Structuring domestic and cross-border operations in a VAT efficient manner
- Analysis of the VAT effect on transformation or restructuring of your supply chains
- Recommendations on business restructuring from VAT perspective
- VAT due diligence
Advice on indirect tax matters
- Comprehensive analysis of specific transactions
- Finding innovative and efficient solutions for managing various indirect tax issues
- Advice on internal procedures and risk management related to indirect taxes
- Advice on migitation of risks during adjustment of indirect tax reporting
- Examination of commercial relations to minimize the risk of being involved in VAT fraud
- Advising on matters relaed to property transactions and ensuring the correct VAT treatment is applied
- Providing VAT consultancy services and giving certainty on the appropriate VAT treatment of transactions (including advice in relation to the restructuring of organisations)
VAT and Excise compliance
- Assistance in drafting VAT and excise accounting policies
- Documentary support for Company’s transactions
- Preparation of VAT returns and effective keeping of VAT records
- Full-scope VAT and excise compliance services, including VAT and excise accounting, VAT invoicing, preparation and filing VAT and excise reporting
- Preparing the VAT decisional matrix for accounting and tax compliance purposes
VAT and excise modelling
- Indirect tax planning
- Computation of the indirect tax effect and impact on your cash flow
- Analysis of accounting data to identify risk areas, errors, and opportunities for indirect tax savings
