Home Services Indirect Tax

Indirect Tax

Challenges never cease – managing indirect taxes in a continuously changing environment requires new thinking and innovative approaches.

Where financial demands continuously drive the need to increase public revenues, in particular, via Value Added Taxes (VAT) and Goods and Service Taxes (GST), businesses are required to meet compliance obligations, drive indirect performance, realize opportunities and manage the challenges resulting from more globalized business models and fast moving legislation around the globe.

As we see it, the best possible advice on Value Added Tax has been given if the resulting structure fits smoothly into the overall setting of a company - both nationally and internationally. Consulting services in the field of Value Added Tax have to add value and assurance to the business and along the supply chain. This is our objective and our strategy.

Our services in Indirect Tax include:

Ongoing Operations
Tax Compliance and Performance
Transactions and Restructuring
Business Partnering

The WTS Indirect Tax Service Line includes experienced tax advisors, professionals with long-lasting in-house experience and former tax authority professionals. Our service offering comprises the whole range of indirect tax services, from the design of tax efficient supply chain structures via the preparation of tax declarations, the assistance in field audits to the representation in administrative appeals and before tax courts. At all stages, WTS Global does not only provide excellent know-how but also applies a business-oriented approach to develop innovative and pragmatic indirect tax solutions for clients across a range of industries.

An overview of the VAT-measures by country for 35 countries worldwide

VAT: Tax measures taken worldwide related to COVID-19

Since 1 January 2020, a new measure allows for the granting of a VAT credit refund within one month after submission of the VAT return, whereas this refund generally takes up to three months to six months.