Indirect Taxation
Tax
PwC Indirect Tax team is a part of the PwC Tax Department, exclusively dedicated to tax advisory services in the field of Value Added Tax, Customs and Excise Duties, with specialized professionals across several economic sectors.
PwC has a specialized team, with many years of experience on different activity sectors, to advise you, reducing any negative consequences and enhancing the positive impacts of your decisions.
How PwC can help you
Our team is available to advise our Clients on a recurrent basis in any matter related with indirect taxes, in particular the taxation of current operations and ancillary obligations. Our team identifies contingencies, opportunities and solutions with a proactive approach.
A revision of procedures aims to assess whether the procedures used are in accordance with the applicable law, allowing, where possible, their timely correction. These projects also allow us to evaluate whether taxes are being handled efficiently, permitting the identification of tax planning opportunities.
We help our Clients structuring their operations, particularly when they operate in different countries with different jurisdictions, providing the necessary assistance to enforcement, without neglecting the respective maximization of tax efficiency.
Additionally, in the context of the Group, we help our Clients with the optimisation of the cash flows together, where applicable, with the most advantageous interpretation of the transfer pricing rules on VAT and Customs Duty, specifically applicable.
Most of the time, taxes are treated adequately but not very efficiently. As consequence, companies pay an excessive amount of tax, increasing the costs of their operations. PwC helps its Clients understand and properly control the taxation aspects of their operations, resulting in a correct and efficient management of the tax aspects of their operations. These projects are suitable in particular for entities with restrictions on deductibility, such as companies in the financial, insurance and real estate, or those which handle free but taxable operations, particularly those that work in the production field and transaction of consumer goods.
VAT is due and must be delivered to the State at the time operations are conducted, independently of whether it is supported by the purchaser or not. This principle generates negative economic and financial impacts when companies are facing bad or doubtful debts. However, in some conditions, companies can recover VAT of these credits. Together with a team from our Assurance practice, we help our Clients in the recovery of VAT, reducing the cost associated with bad or doubtful debts.
With our Tax Technology practice, we help our Clients with the definition and implementation of invoicing solutions, liasing VAT rules with invoicing software certification and SAFT-PT file. In terms of electronic invoicing, we also help our Clients with the implementation and management of reliable audit trails for the purpose of ensuring authenticity of origin, integrity of content and readability of electronic invoices.
We help our Clients in their questions concerning the regime of goods circulation in the country, arising from recent legislative changes. We particularly help identify possible contingencies, solutions and opportunities.
We help our Clients with VAT refund requests, either national or made under the 8th and 13th EU Directives, which can be lengthy and complex. Our team of experts assists companies with the optimization of VAT recovery, an “asset” commonly neglected due the unawareness of the respective procedures complexity.
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