Indirect Tax / VAT

Mandatory electronic invoicing and transactional VAT reporting will be introduced across the EU. This requires significant adjustments to in-house processes including:

• data provision from the business,
• tax determination & validation,
• invoice generation,
• electronic sending of the invoice, and
• subsequent reporting and monitoring.         

Take advantage of the resulting efficiency and cost benefits in collaboration with our tax, digital and process experts.

Learn more here 

WTS, we advise companies on all VAT/GST issues relating to the national and international movement of goods, as well as on service-oriented business models.

We also help our clients evaluate indirect taxeffects on changing company processes.

Moreover, we provide support in preparing for external VAT/GST audits. Our advisory services include a review of current VAT/GST practices and processes (health check), client representation, also at financial courts, as well as the implementation of risk management systems.

In the area of indirect tax, our WTS experts prepare tax returns for our clients and assist them with their input tax refund applications.

Our services also include advising clients on VAT/GST issues that arise during transactions and restructuring. Our tax experts optimise holding structures with regard to indirect tax aspects, support outsourcing processes and carry out due diligence activities.

At WTS, our clients have access to indirect tax experts for interim management as part of our indirect tax services. If desired, we can also take over the management of all indirect tax functions. This means that our clients profit from maximum flexibility in terms of resource usage and from additional efficiency gains. We have extensive experience in introducing tax engines and carry out indirect tax training sessions.

Digitalization is having an ever-increasing impact on the tax function of companies. Transaction-related tax types (e.g., sales tax and customs) are particularly affected, and because of their nature as mass data, they reflect a high risk - both in terms of the number of transactions and the amount involved.

The sales tax processes are anchored within the ERP systems. In this context, the historically grown system landscapes have a great influence on the legal mapping of sales tax business transactions and compliance with regard to their heterogeneity.

In addition to constantly changing legal framework conditions in sales tax law, the tax function is also faced with the challenge of coordinating all involved departments and responsibilities within the "sales tax" interface. This concerns in particular the areas of responsibility: Accounting, Purchasing, Sales, IT.

Based on the aforementioned circumstances and the ever-increasing demands of our clients in this consulting field, we have specialized within the Service Line VAT in the area of digitalization consulting in the environment of VAT - VAT Technology Processes Controls.