SWBA’s Indirect Tax practice helps businesses navigate state and local tax obligations, ensuring compliance and efficiency with a comprehensive suite of solutions.
Indirect taxes like VAT, GST, sales tax, property tax, customs duties, excise duties, and environmental taxes are becoming more important and complicated worldwide. Governments are focusing on these taxes for revenue, leading to big changes in how they’re reported and collected, such as real-time reporting and e-invoicing to improve compliance and reduce fraud.
With global trade and e-commerce connecting the world, indirect taxes are crucial for businesses operating across borders. Governments are under pressure to increase tax revenues, especially from major digital economy companies, driving the increased focus on indirect taxes.
The international tax landscape is swiftly evolving, with indirect tax changes outpacing those of direct taxes in speed and complexity, presenting substantial management challenges. Businesses face greater responsibilities for indirect tax governance. As tax authorities embrace digital compliance and advanced audit technologies, it is paramount to keep your indirect tax processes current and dependable.
With over 150 countries employing indirect tax systems, the financial services industry is grappling with mounting global costs. This surge is driven by several key trends: shrinking tax exemptions, stricter limitations on indirect tax recovery, and escalating tax rates.
We handle all aspects of sales and use tax compliance, ensuring accurate calculation, collection, and remittance across multiple jurisdictions. Our experts manage exemption certificates, prepare and file tax returns promptly, and provide proactive advice on changing regulations to keep your business compliant.
We manage all aspects of VAT/GST compliance, from registration to filing and refunds. We ensure timely and accurate submissions, maximize your refund claims, and provide guidance on cross-border transactions to avoid double taxation. Stay compliant and efficient with our comprehensive VAT/GST services.
We handle all aspects of excise tax, ensuring accurate reporting and timely payment. Our team provides industry-specific advice, stays current with excise tax laws, and supports you during audits. Focus on your core business while we minimize risks and ensure compliance.
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