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Indirect tax

Overview

Customs & global trade
Effective management of global trade decisions and obligations is of strategic significance to a company’s global supply chain. Deloitte has a market leading, worldwide network of Customs & global trade specialists experienced in global trade strategy, automation, export controls and import/export compliance. Our professionals help design strategies and structure global transactions to reduce customs duty payments and other international trade costs, increase duty recoveries, and help ensure legal and regulatory requirements are met in a cost-effective manner.

Indirect tax (HST, GST, PST, or VAT)
Indirect taxes are broadly based on transactions, and liability will arise regardless of profitability. In Canada, these include the harmonized sales tax (HST) systems, the goods and services tax (GST), and provincial sales taxes (PSTs); globally, value-added tax systems and Sales & use and other similar taxes apply. Because most countries impose indirect taxes, most transactions are affected. Deloitte can help with timely planning and the application of technology-based compliance management solutions. This can help clients reduce costs, minimize risk and at the same time increase confidence that nothing has been missed. Deloitte has a worldwide network of professionals who provide advisory services and a full spectrum of highly efficient outsourcing and co-sourcing solutions.

Indirect tax and accounts payable recovery
Overpayments made in sales taxes and accounts payable are difficult to measure, but may affect every facet of an organization. Accounts payable alone represents the single largest outflow of working capital in most corporations. A well-designed audit of overpayments represents a substantial opportunity for recovery of cash. Common disbursement issues in the accounts payable system include: duplicate billings and payments, discounts and credits not taken, payments to wrong vendors, payments for the wrong unit price or quantity, payment for goods returned and a vendor’s non-compliance to terms. Minimizing the cost of sales taxes requires a deep analysis of the full scope of an organization’s transactions in the context of upgrades to accounting systems and evolving legislation across all affected jurisdictions.

Other tax services

Cross-border tax Cross-border tax
We advise companies on a broad range of inbound and outbound tax issues, including structuring initial overseas investments and financing international operations.
Global business tax services Global business tax services
Deloitte delivers a comprehensive, practical approach to tax planning that helps multinational businesses meet their worldwide tax and statutory responsibilities.
Global Employer Services Global Employer Services
Deloitte offers well-rounded plans and program development strategies that can help transform global employment programs in a tax- and cost-efficient manner.
Tax publications Tax publications
Discover our Canadian and Global Tax publications.
Deloitte Tax Law LLP Deloitte Tax Law LLP
Deloitte Tax Law LLP is a law firm whose practice is restricted to tax. Learn how we can help your business.

Featured insights

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