Indirect Tax Services
ICS commits to developing a strategy that aligns with the client’s overall tax strategy and is sustainable for the client to manage going forward.
Businesses operating worldwide are impacted by a variety of non-income taxes and duties. These taxes, unless properly managed, can have a greater impact on the bottom line compared to income taxes. With complex rules and rates differing based on jurisdictions and type of business, governments are continually changing these indirect taxes as a favored revenue generator.
ICS helps you understand, manage, and mitigate these global indirect tax obligations. Whether being faced with an audit or looking to assess the adequacy of the current practices and procedures, ICS can partner with you to determine the specific scope of your needs and develop the right approach.
Among the services we provide are:
- VAT compliance review: working with businesses to determine if services and products are subject to VAT.
- Transaction tax compliance review: A review of the methods for gathering tax compliance data, the process for accurately migrating that data to a return, an understanding of which returns should be filed and how payments are made.
- Audit defense: assistance with the development of the appropriate posture and strategy for tax audit defense.
- Outsourced VAT compliance
- Due diligence in business acquisition or sale.
- Review of other non-income tax issues, such as employment tax, that are involved in buying or selling a business.
