Managing Indirect Taxes to the Financial Services industryIndirect tax is not only a tax to the Fin

The direction tax is taking

Indirect taxes - including VAT/GST/Sales tax, property tax, customs and excise duties, and environmental tax - are becoming more prominent and demanding worldwide. Governments are increasingly looking at Indirect tax as a source of revenue and overhauling how it’s reported and collected - with real-time reporting and e-invoicing high on the agenda to improve compliance and reduce fraud.

International trade and e-commerce has turned the world into a global village - highly interconnected with physical and virtual worlds merging - making indirect taxes particularly relevant for all cross-border businesses. In this fast growing arena, there is growing public pressure on governments to increase the business tax take, with intense focus on the companies at the forefront of the digital economy.

While the international tax framework for both direct and indirect taxes is evolving as a result, the swift pace and complexity of changes affecting indirect tax world are unparalleled and increasingly difficult to manage.

All businesses now have greater responsibility for indirect tax governance. And with tax authorities digitizing compliance and harnessing technology to sharpen their focus and audit interventions, it's now more important than ever to ensure that your indirect tax processes are up-to-date and reliable.

How we can help

When it comes to indirect tax compliance, we can help you get your operations up to speed and reduce uncertainty. Our global expertise means we can deliver relevant technical insights, clear up the complexities, and provide you with a more informed basis for your decisions, wherever you are in the world.

The key to helping you create a successful indirect tax strategy is building a good relationship, so that we understand your whole organization, where you do business and how you operate. That way, we can:

• Help you reduce costs and risks, make your business more efficient, and turn tax opportunities into real results.

• Understand the impact indirect tax has on your revenue and profits, based on where you operate. For example, if international trade is a key part of your business, we can help you understand the rules in place for your products in each country, and use indirect tax technology to become as tax efficient as possible.

• Build on this understanding to make sure you have the right people, knowledge, technology, processes and controls for indirect tax governance, wherever you do business.

• Stay on top of the latest policy trends and developments.

• Support you to make your voice heard by the national and international indirect tax policy stakeholders. So you can play a part in shaping more effective law and more efficient administrative processes.

Managing Indirect Taxes to the Financial Services industry

Indirect tax is not only a tax to the Financial Services (FS) industry, but a true cost. In our philosophy; Getting in control of your indirect tax position goes hand-in-hand with managing and optimizing your cost-base. More than 150 countries have implemented some sort of indirect tax system. This makes it an increasing global cost to the FS industry. Three trends in particular are making this more so: narrowing the applicability of exemptions; limiting the possibilities for indirect tax recovery; and rising indirect tax rates. Our truly global network of experts – each with a strong focus on indirect taxes for the FS industry – are ready to help you overcome the challenges. We can make it easier for FS businesses like yours to manage indirect tax positions, and navigate policy changes, new case-law and indirect tax reporting requirements. Our goal and ambition is to help you locally and globally, with the right experts with combined FS tax and industry knowledge, wherever you operate. We’ll also help you stay up to date with relevant changes, through our news alerts, webcasts, conferences and other events and updates.