Value Added Tax (VAT): Deloitte Growth Enterprise Services
Addressing global opportunities and risks
Value added tax (VAT) is the predominant transaction tax outside of the United States. As a result, privately held U.S.-based multinational businesses are likely to confront it when operating overseas. VAT can impact nearly every type of transaction a business undertakes. Countries with VAT systems typically levy VAT on supplies of both goods and services. Every business in a supply chain is usually required to charge and collect VAT on sales. At the same time, VAT incurred on costs is usually recoverable by most businesses.
To address VAT risks, privately held U.S.-based multinational companies need a cohesive VAT strategy and a firm understanding of the nuances of each jurisdiction’s VAT system.
Please read the attachment to know how Deloitte's VAT specialists, in coordination with the breadth of services available through Deloitte Growth Enterprise Services, can help.
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