Indirect taxes
What are indirect taxes such as VAT, Sales Tax and Goods & Services Tax (GST)?
Indirect taxes, such as VAT, Sales Tax and Goods and Services Tax (GST) are added to the value of supplies of goods and services. These are collected by businesses and paid to the tax authorities. Direct taxes on the other hand, such as income tax and corporation tax, are collected directly from amounts earned and profits generated by individuals and businesses.
Indirect Taxes, VAT and Customs Duty advice for businesses trading globally
Kreston Global’s network of VAT, Sales Tax, Customs Duty and other Indirect Taxes specialists provide businesses with clear strategic advice and compliance support in response to the challenges they face around the world. We have firms in over 115 countries that can assist you in understanding your compliance obligations in many territories operating potentially differing systems, whether that be VAT, GST or Sales Tax.
Our Global Indirect Taxes Group is led by Rupert Moyle of UK firm Kreston Reeves. Rupert has significant experience in advising businesses on international trade and in coordinating the assistance they require globally.
How can we help you?
We can help you to be compliant and can provide you with advice on innovative solutions to facilitate trade. We very much work collaboratively amongst our network of experienced professionals and with our direct tax colleagues too as there is often a need to think about a number of taxes when solving issues. This approach offers you the best tailored ‘tax’ advisory and compliance service. Therefore, whether you are a single organisation that is established within one country and need local advice concerning indirect tax issues or, at the other end of the scale, a global group that wants a coordinated team of advisers to support the management of VAT and other taxes in multiple jurisdictions, we can help you in offering a one-stop-shop.
We can advise on:
• VAT and GST
• Sales Tax, Use Tax
• Customs Duties
• Other indirect taxes, such as Stamp Duty
We have indirect tax specialists in our Kreston Global network of firms that are present in 115 countries around the world. We would be delighted to discuss your business issues and requirements.
Further reading
US sales tax nexus
US sales tax nexus is a feature of the American tax system, referring to the conditions that create an obligation to pay state and local sales tax.
United States Sales Tax and Use Tax
Each state and many local jurisdictions have authority to impose a sales and use tax, subject to U.S. constitutional restrictions.
