An indirect tax is a tax that is imposed on a transaction and one that is generally passed on by the supplier of the relevant goods or services to its customer or consumer. Around the world, governments look to raise revenue through ‘indirect taxes’, such as value added tax (VAT), goods and services tax (GST) and sales and local taxes, with additional taxes imposed on imports via customs and excise duties. The compliance requirements of these taxes can be highly complex and will significantly impact a business’s cash flow.
The indirect tax landscape is constantly changing due to technology, uncertainty and volatility. To help guide you, we have combined our global indirect tax resources together to create a single source of information on country specific updates from tax authorities, along with newly implemented rules and reliefs to support businesses.