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Whatever your business activity or location, you can count on our experts to assist you in effectively managing your indirect tax position and remaining competitive while avoiding risks. Our expertise ranges from corporate VAT and investment funds to real estate and international trade. In 2015 the Organisation for Economic Co-operation and Development recommended that indirect tax regimes should be updated to cope with the ever-evolving digital economy to retain their purpose as a consumption tax. Following its initial report in 2015, numerous countries re-examined the scope of their indirect tax regime and extended them to subject digital services and Low-Value Goods supplied by non-resident businesses to tax. It is also important to note the interaction between VAT and customs duty. Customs duty is levied across the EU at the place where goods are imported into the EU.

InnoIndirect Tax Servicesion and investment incentives Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile. You’ll receive professionally verified results and insights that help you grow.

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The COVID-19 pandemic caused unprecedented levels of disruption to the global travel industry. Rapid change and complexity have always been hallmarks of the technology industry. Across the globe, countries are moving towards leaner, more commercial, locally focused and responsive government and public sectors. Grant Thornton’s Mathew Tierney, global head of Insurance, and Andrée Bourgon, principal for Insurance Strategy and Transactions, recently talked with John Weber of A.M. Demographic, organisational and resourcing issues are radically changing the global healthcare industry. Increasing regulation and investor demands for returns and transparency continue to challenge the asset management sector.

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When solving an issue, they look at it from different angles and understand the challenges in your industry, which enables them to provide you with proactive and smart solutions. Any business buying, selling, investing or employing staff is confronted with indirect taxes. The increasing popularity of VAT and other indirect taxes dominates the global environment.

Sales Tax Audit & Refund Services

If not addressed properly, this can often lead to missed savings opportunities, including allowable deductions and exemptions. GTM provides property tax outsourcing and advisory services to ensure that companies are filing correctly and taking advantage of allowable savings opportunities. Our services include property tax compliance, valuation review and appeals, audit support, and fixed asset and reclassification reviews. EY professionals who understand your business bring you new perspectives through significant investment in theEY Global Tax Platform .

View on the Spring Budget 2023 – Alvarez & Marsal

View on the Spring Budget 2023.

Posted: Wed, 15 Mar 2023 18:18:19 GMT [source]

Enabling https://quick-bookkeeping.net/ and accounting professionals and businesses of all sizes drive productivity, navigate change, and deliver better outcomes. With workflows optimized by technology and guided by deep domain expertise, we help organizations grow, manage, and protect their businesses and their client’s businesses. Member firms of the KPMG network of independent firms are affiliated with KPMG International. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. Throughout this webpage, “we”, “KPMG”, “us” and “our” refer to the network of independent member firms operating under the KPMG name and affiliated with KPMG International or to one or more of these firms or to KPMG International.

Business Process Management

This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. In this webinar, you will hear directly from Alteryx users within corporate finance and tax departments about their personal and professional transformations with Alteryx. This webinar will share best practices on how to design and improve an effective and repeatable monthly use tax review.

  • In today’s globalised world more goods and services are crossing international borders than ever before, due to an increasing international customer base or complex supply chain.
  • There are three rates of VAT that are applied to goods and services in the Netherlands; the standard rate, the reduced rate, and the zero rate.
  • For example, in 2022, a non-resident can still reclaim VAT for years 2017 until 2021.

Value-Added Tax or Goods-and-Services Tax is the predominant form of consumption tax system used around the world. With VAT/GST imposed on most sales and purchases, the amount of VAT/GST which flows through a firm’s books can ultimately equate to 30% to 40% of its gross non-U.S. Global Tax Management® is a registered service mark of Global Tax Management, Inc. GTM’s co-sourcing solution is the strategic and cost-effective alternative for your tax department.

Tax specialists have deep domain knowledge of tax processes, data localization, and tax compliance across the EU. We combine a learning platform with customized indirect tax training to meet the reporting and compliance needs of businesses. A taxable person not established in the Netherlands (a “non-resident”) will not be able to shift the import VAT to the VAT return unless it appoints a fiscal representative. A non-resident can either appoint a limited fiscal representative or a general fiscal representative for the import of goods in the Netherlands.

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