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Value-added Tax

Managing value-added tax obligations, process and structuring

Internationally active middle market businesses are required to deal with a variety of global indirect tax obligations. With many countries changing their value-added tax regulations, it can challenging to keep up with the complex task of managing activities in multiple jurisdictions, especially without a technical specialist on staff. With limited in-house resources, reliance is often placed on accounting systems with minimal built-in VAT logic, which can expose organizations to unnecessary risk.

Getting a global VAT position on solid ground: The transaction is key

A transaction can take place in a jurisdiction even if one or both parties do not have an established presence or employees there. Unawareness of this fact is one of the common causes of businesses missing obligations. Furthermore, the place where revenue is recognized is usually not a determining factor for concluding a VAT obligation.

We can help ensure that underlying transactions are effectively managed for VAT purposes.