Indirect tax & Customs regulations

Services

Indirect tax & Customs regulations

With standard rates of VAT at 18 percent and customs duties potentially many times higher, managing your liability for indirect taxation and customs duties can make a significant difference to your bottom line. Our experienced team has the skills necessary to ensure that your liability is optimised.

Customs regulations service

Minimising exposure and managing risk

Customs duties and international trade costs directly affect your profitability. Non-compliance with customs regulations and reporting may result in significant penalties and costs to your business. Effective management of global trade decisions and obligations should be a key consideration in your global supply chain.

Our customs professionals help design strategies and structure global trade transactions that reduce customs duty payments and other international trade costs and that help ensure that legal and regulatory requirements are met.

Consulting

Our customs team includes lawyers, economists and former government officials. These professionals help companies with a variety of customs and global trade related needs including:

  • Preparation of documents for, and obtaining customs classification decisions from the Federal Customs Service, so that zero or reduced customs duties are applied to goods
  • Analysis of the application of customs procedures so that duties and other costs are optimised
  • Advising on customs valuation issues which may arise, in particular, for newly imported products and for those companies in the course of changing a business model or supply chain
  • Analysis of operations from a customs perspective in the light of the unified legislation of the Customs Union
  • Optimising post-merger integration by tracking duty risks and potential opportunities
  • Helping to reconcile and determine consistent support for what is an "arm's length" or "fair" value for both customs and transfer pricing purposes.

Customs compliance review

We offer a proprietary, flexible, and tailored approach to customs and global trade to help clients efficiently manage customs and international trade business processes, assess compliance risks, and take advantage of cash flow opportunities.

Our customs compliance review will provide a clear framework for multinational companies, which are seeking greater transparency in trade data and compliance levels and pursuing stronger operational and strategic compliance measures covering classification, origin, and valuation.

Enhanced customs and trade operations will help free up your supply chain and financial staff so that they can focus on strategic business objectives and facilitate consistent diagnosis of customs and trade related risks and opportunities.

Business model optimization

Companies are looking for a sustainable competitive edge. Deloitte's Business Model Optimisation (BMO) professionals work as part of an integrated team consisting of consulting, enterprise risk and tax specialists. We focus on removing avoidable costs from global trade transactions while ensuring compliance with the myriad of trade regulations around the world.

Our approach to optimising business models and supply chains considers both import and export requirements, which helps companies to avoid incremental duty/trade costs and/or supply chain interruption. It also affords companies an opportunity to optimize their customs and global trade processes and to gain a sustainable competitive edge through increased efficiency.

VAT

Optimising indirect taxes

Russia’s VAT legislation and regulations are complex and administratively demanding. The lack of a unified interpretation of the legislation and frequent changes to provisions and rules could leave your business exposed.

Our team can help you navigate around the potential pitfalls ensuring that your business is tax efficient and compliant. We can help by:

  • Providing advice on appropriate business structures and processes when you set up your operations in Russia
  • Analysing your existing business model and providing advice on how to optimise internal VAT regulations to ensure that all available benefits and incentives are applied and risks minimised
  • Analysing the VAT implications of agreements, contracts and their amendments
  • Developing and improving methods for keeping so called, ‘separate’ VAT accounting, including development of any registers required.
  • Advising on the procedure for issuing VAT invoices and documents for VAT settlements in hard copy and electronic form.
  • Preparing applications to the Ministry of Finance and tax authorities
  • Proposing strategies for reclaiming VAT and providing support in implementing those strategies
  • Advising on the application of indirect taxes to particular transactions and activities; such as capital construction, business reorganisation and trade incentives.