VAT Services

Globally, governments are increasingly imposing indirect taxes. Since several years, businesses have been witnessing the importance of indirect taxation as governments have embraced the shift from direct to indirect taxation. Within the European Union, many governments have significantly increased their VAT rates over the last 5 years to offset cuts in direct taxation and shortfalls in social security contributions in an attempt to balance overstretched budgets.

As a result, businesses that do not successfully manage their indirect tax position face the risk that their profitability decreases, that their cash flow requirements increase and that their compliance risks become critical.

For organisations looking to manage and mitigate their indirect tax position (VAT, registration duties, insurance premium taxes as well as customs duties and excise), PwC has the largest indirect taxes team in Luxembourg. Our approach to indirect tax combines consultative solution building together with the sound experience of tested value-building solutions. Members of our team are dedicated to an industry focus group and take a multi-disciplinary approach to indirect tax, reaching out to their PwC peers specialising in the same industry, like banking, asset management, real estate, private equity, telecommunication, logistics, etc.

PwC has an extensive global network of indirect tax professionals who are actively connected. Experts meet regularly to share their technical issues, solutions and experiences. Our network has strong bonds with tax authorities and policy makers, including the European Commission.

Our Luxembourg team of more than 50 fulltime VAT experts can assist you in:

• tackling indirect tax issues your organisation faces on a day-to-day basis and at the occasion of the expansion of your business;
• structuring solutions in the framework of reorganisations and acquisitions;
• designing and improving your indirect tax strategy;
• designing and improving internal controls and indirect tax risk management;
• managing your compliance and reporting obligations;
• improving automation, digitisation and the management of FAIA;
• interacting with the authorities, including prevention of litigation;
• providing general training with PwC Academy or custom-made trainings specific to your needs;
• Informing you up-to-the minute, notably via GlobalVATOnline.