{{item.videoDuration}}
{{item.title}}
{{item.text}}
{{item.videoDuration}}
{{item.title}}
{{item.text}}
Governments are increasingly relying on indirect taxes to generate revenue. For several years, businesses have witnessed the importance of indirect taxation as governments have embraced the shift from direct to indirect taxation.
Within the European Union, the whole common VAT system is under review. Step by step, different areas of VAT (e. g. financial services, rates, VAT gap, VAT in the Digital Age) are being revised in order to implement a harmonised VAT system through a single EU VAT area. As a consequence of these fundamental reforms, the taxpayers will eventually face new occuring challenges. Countries outside of the EU are increasingly seeking to modernise their VAT system or implement a new one. In addition, court cases on the interpretation of legal texts and the application of VAT are multiplying.
Businesses that do not efficiently manage their indirect tax position face the risks of profit erosion, increased cash flow and compliance costs.
Our team can help you monitor and implement the legal changes in the simplest way, manage and mitigate your indirect tax position (VAT, registration duty, Insurance Premium Tax and Customs and Excise duty).
Your challenges
- Consider indirect taxes in your area of business
- Avoid issues (cash flow, reputation etc.) due to VAT matters
- Incorporate indirect taxes in your business discussions
- Oversee recent changes of rules and regulations
- Manage an increasing flow of data for the purpose of preparing your VAT returns, EC Sales Listings and Intrastat returns
- Handle the increase of VAT audits from tax authorities
- Improve automation, digitalisation and the management of FAIA (SAF-T)
- Find the technology-enabled solutions that offer you best compliance capabilities that combine industry specifics, risk detection, operational efficiency and opportunities
Compliance and process improvement
- Preparation and review of VAT returns, EC Sales and Intrastat
- Dealing with VAT authorities - VAT audits & FAIA support
- VAT data analytics to understand your VAT costs and opportunities
Financial sector
- Asset Management, Banking and Insurance, Private Equity, Real Estate, Debt
- Assistance with both VAT risks and opportunities when setting up and developing your product range
- Assessment of irrecoverable VAT
- Determining the right place of taxation for services purchased and justifying VAT recovery in Luxembourg
Industrial, commercial and services companies, e-commerce
- Assistance in finding a business model that takes into account both your business needs and the relevant VAT consequences
- We can help you to VAT-code your transactions and configure your IT systems and we assist with your VAT reporting obligations
Other services
- Analysis of implications between TP and VAT
- Dispute resolution: Assistance in VAT audits and administrative claims
- VAT training
{{filterContent.facetedTitle}}
{{contentList.loadingText}}
{{contentList.loadingText}}
Contact us
Stay Connected:
