The indirect tax environment has seen dramatic changes over the last five years. As businesses expand and new indirect tax regimes are introduced, there is a growing need for companies to manage indirect taxes across an increasing number of countries.
Deloitte's Indirect Tax group conducted a survey that gives compelling insight into current issues and future concerns of in-house global indirect tax advisors.
Survey responses were gathered at the Deloitte 2007 Global Indirect Tax client conference in Barcelona earlier this year. The conference is the leading event of its kind in the industry. Representatives from more than 200 businesses attended and approximately 120 participated in the survey.
The results illuminate the similarities in issues faced by many businesses across different geographies and industries, whether in connection with risk agenda, quality of information, resourcing constraints or CFO awareness. Sixty-five percent of respondents cited management of systems and compliance processes as their No.1 burning issue. It is clearly back to basics in terms of getting compliance right whether it be on a global, regional or country basis. While those at the top seem to be aware that indirect taxation is an important issue, indirect tax advisors still have a long way to go in communicating the risks associated with getting indirect tax accounting wrong.
Read more about the survey results and our analysis of them by downloading the PDF below.
To view the results of Deloitte’s survey of Australian in-house GST advisors, conducted in late 2006, please follow the below related link.
Related link: Attachments
Burning issues 2007 (629 KB)
Deloitte global report |
