Indirect taxes have evolved into a comprehensive tax on goods and services providing uniformity of taxes across States, creating opportunities to reorganise supply chains and optimise costs. The new law has brought in operational challenges in compliances increasing automation needs and an opportunity of centralised management of taxes.
Customs and global trade
Effective management of global trade decisions and obligations is of strategic significance to a company’s global supply chain. Deloitte has a market leading, worldwide network of Customs & Global Trade specialists experienced in global trade strategy, automation, export controls and import/export compliance. Our professionals help design strategies and structure global transactions to optimize the tax costs in relation to customs duty by analyzing various alternative options, increase duty recoveries and help to ensure legal and regulatory requirements are met in a most cost-effective manner.
Indirect tax (VAT or GST)
VAT, GST, Service tax, excise duty and other similar taxes are broadly based on transactions and liability will arise regardless of profitability. Because most countries impose these taxes, most transactions are affected. Deloitte can help with timely planning and the application of technology-based compliance management solutions. This can help clients reduce costs, minimize risk and at the same time increase confidence that nothing has been missed. Deloitte has a worldwide network of professionals who provide advisory services and a full spectrum of highly efficient customized outsourcing and co-sourcing solutions.
With overall indirect tax rates ranging between 17 to 28 percent based on the nature of goods, Indirect Tax exposure can grow quickly if you don't have a cohesive Indirect Tax plan and firm understanding of specific Indirect Tax requirements. Deloitte can help. Our team can help you develop or refine your Indirect Tax strategy and address the Indirect Tax implications of most types of business transactions.
Learn more about how we can deliver the integrated, flexible, and sustainable services you need to address your company’s exposure in today's complex Indirect Tax environment. Our services include:
- Indirect Tax Consulting
- Indirect Tax Compliance and Outsourcing
- Transactional Consulting for Indirect Tax
- Business Model Optimization for Indirect Tax