Indirect tax compliance

Every day seems to bring changes in indirect taxation around the world, including new taxes, and new reporting and compliance obligations. We know that keeping on top of indirect taxes globally is not an easy task but EY teams can help.

What EY can do for you

The EY global network of indirect tax professionals combines technical knowledge with industry understanding and access to technologically advanced tools and methodologies. We identify risk areas and sustainable planning opportunities for indirect taxes throughout the tax life cycle, helping you meet your compliance obligations and business goals around the world.

Indirect tax focuses on advisory and compliance services for all aspects and types of indirect tax. This includes:

  • Value-added tax (VAT), Goods and services tax (GST) and Sales & Use Tax (SUT)
  • Global trade
  • Excise taxes
  • Insurance premium tax (IPT)
  • Environmental and energy taxes (EET)

Global Indirect Tax VAT/GST compliance operating models

indirect-tax-compliance
Insourcing
 

EY’s insourcing approach helps clients meet their obligations accurately and efficiently, equipping your in-house professionals with powerful digital tools that simplify processes and add automation, while providing all relevant changes in VAT law and administrative practice. Using our software your business gains more control over your VAT/GST reporting and compliance process and benefits from significant economies of scale. 

EY’s Global VAT Reporting Tool automates the production of VAT/GST returns globally in a user-friendly manner, with EY automatically updating all relevant changes in VAT/GST law and administrative practice globally. This is overlaid with powerful dashboards and data analytics to identify anomalies in the VAT treatment of transactions as well as other features.

This software-as-a-service offering decreases compliance risks by leveraging our compliance technology and knowledge, enabling a high level of compliance while providing insights into risk areas and opportunities that might otherwise be missed.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus porttitor diam vel lacinia consectetur. Donec ut volutpat dui. Curabitur ac fringilla orci. Sed tincidunt placerat tempus.

Outsourcing

The approach to outsourcing helps companies meet their VAT/GST obligations accurately and efficiently, without the need for large investments in in-house talent or monitoring of constantly changing regulations across the world. The EY Global VAT Compliance and Reporting service is the enabler, using advanced technology and deep subject matter knowledge to transform how you fulfil multi-country compliance obligations, including those for VAT, GST or other VAT-type indirect taxes.

EY professionals who understand your business bring you new perspectives through significant investment in the EY Global Tax Platform (GTP). Powered by Microsoft Azure, GTP offers the crucial foundation for seamless outsourcing. Your business is supported with state-of-the-art technology via a plug-and-play architecture that can improve risk management and tax governance through global visibility and control. Accessible at any time and from anywhere, it also can enhance tax data quality, provide high-value analytics and help identify opportunities.

Co-sourcing

Entirely outsourcing your indirect tax obligations to outside advisors can be a valid approach, but between that and insourcing there is an intriguing middle-of-the-road option for some companies: co-sourcing. By continuing to own critical functions, while co-sourcing others, companies can maximize both effectiveness and efficiency and set better priorities around where their in-house people and process solutions can add the most value. In some cases, specific geographies and activities are outsourced, while others are managed in-house.

Functional control remains in-house through the EY Global VAT Compliance and Reporting hybrid co-sourcing approach. EY resources help manage those parts of the VAT/GST compliance obligations where EY can offer more value and address areas of added complexity. With EY people and infrastructure available on an as-needed basis, this gives your organization greater flexibility and you gain opportunities for significantly reducing your costs to recruit, train and employ in-house talent.

Our latest thinking

What ViDA means for the rise of global e-invoicing

Commission’s VAT in the Digital Age (ViDA) proposal is a game changer for global businesses and their tax functions. Learn more.

How to prepare for upcoming combined royalty changes

CFOs and tax functions may be inclined to treat customs issues as peripheral to their critical workload, but they must pay attention. Learn more.

Four things indirect tax executives should do when dealing with NFTs

Businesses are using NFTs to grow their brands. Sales taxes and VAT may apply, but it’s up to indirect tax professionals to figure out how. Learn more.

Five legal considerations for businesses taking a lead on NFTs

As organizations around the world consider the commercial opportunities of NFTs, the legal implications can be unexpected.

Five considerations for businesses taking a lead on NFT

The direct tax implications of NFTs and how organizations should prepare and respond. Learn more.

How NFTs cause tax and legal issues for businesses

What NFTs are and how can organizations use them to drive revenue, connect with customers, and build brand. Learn more.

Case study: How collaborating on tax operations powers a focus on strategy and growth

The multibillion-dollar acquisition of Scripps by Discovery enabled them to reimagine the tax function and create a more adaptive enterprise.

    Contact us
    Like what you’ve seen? Get in touch to learn more.