Deloitte its brochure2011
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Managing Indirect Taxes in an Uncertain World Plan early. Plan often. Indirect tax is often overlooked in business planning and decision making. Possible consequences include expense and inefficiency. As you adapt your business plans to meet market conditions, consideration should be given to a review of your Indirect Tax position – in relation to Customs Duty and Value Added Tax – to identify real savings in both absolute and cash-flow terms. Challenges that businesses usually face Monitoring filing obligations, refunds, risks and • audits for indirect taxes? Lacking an effective way to help your operational • people with indirect tax issues? No in-house indirect tax specialists to help you in • answering your questions on indirect taxes? A VAT or Customs Duty compliance process which is • neither efficient nor cost-effective? Worrying that the personnel preparing the indirect • tax returns do not have up-to-date technical indirect tax knowledge and expertise? Further, a weak VAT and Customs administration system may cost you heavy administrative sanctions, such as interest rates or penalties. Below are a few examples of the specific VAT and Customs penalties that can be imposed: VAT • 100% surcharge on disallowed carryovers to the following month of excess input VAT •2% per administrative penalty of VAT base (2% of sales) when VAT invoices are issued late, mistyped, or not properly prepared •Input VAT will not be recoverable if the relevant VAT invoices received were not properly prepared by vendors Customs Duty Penalty ranging from 100% to 1000% for understated value of imported goods in the import declaration. But you don’t have to lose sleep over this. Our Indirect Tax Team is here to help you. Our Solutions VAT and Sales Tax on Luxury Goods We offer specialist advice on all types of transactions. Services include: •VAT registration and compliance •VAT health check (review) • VAT refund •Representation in VAT audit and litigation •Structured VAT planning and consultation •Assistance in obtaining VAT facilities from the tax authorities Customs and international trade We advise on duty requirements, taxes payable at importation, and other regulatory and commercial concerns that can create costly delays as you import and export goods. Services include: • Valuation and classification • Customs duty refund • Representation in customs audit and litigation • Customs duty and excise consultation • Assistance in obtaining customs duty facilities from the customs authority Regional Tax • Regional tax audit, objection, and appeal in the tax court • Regional tax planning
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Transcript of Deloitte its brochure2011
Managing Indirect Taxes in an Uncertain WorldPlan early. Plan often.Indirect tax is often overlooked in business planning and decision making. Possible consequences include expense and inefficiency. As you adapt your business plans to meet market conditions, consideration should be given to a review of your Indirect Tax position – in relation to Customs Duty and Value Added Tax – to identify real savings in both absolute and cash-flow terms.
Challenges that businesses usually faceMonitoring filing obligations, refunds, risks and •audits for indirect taxes?Lacking an effective way to help your operational •people with indirect tax issues?No in-house indirect tax specialists to help you in •answering your questions on indirect taxes?A VAT or Customs Duty compliance process which is •neither efficient nor cost-effective?Worrying that the personnel preparing the indirect •tax returns do not have up-to-date technical indirect tax knowledge and expertise?
Further, a weak VAT and Customs administration system may cost you heavy administrative sanctions, such as interest rates or penalties. Below are a few examples of the specific VAT and Customs penalties that can be imposed:
VAT •100%surchargeondisallowedcarryoverstothe
following month of excess input VAT•2%peradministrativepenaltyofVATbase(2%of
sales) when VAT invoices are issued late, mistyped, or not properly prepared
•InputVATwillnotberecoverableiftherelevantVATinvoices received were not properly prepared by vendors
Customs DutyPenaltyrangingfrom100%to1000%forunderstatedvalue of imported goods in the import declaration.
But you don’t have to lose sleep over this. Our Indirect Tax Team is here to help you.
Our SolutionsVAT and Sales Tax on Luxury GoodsWe offer specialist advice on all types of transactions. Services include:
•VATregistrationandcompliance•VAThealthcheck(review)•VATrefund•RepresentationinVATauditandlitigation•StructuredVATplanningandconsultation•AssistanceinobtainingVATfacilitiesfromthetax
authorities
Customs and international tradeWe advise on duty requirements, taxes payable at importation, and other regulatory and commercial concerns that can create costly delays as you import and export goods. Services include:
•Valuationandclassification•Customsdutyrefund•Representationincustomsauditandlitigation•Customsdutyandexciseconsultation•Assistanceinobtainingcustomsdutyfacilitiesfrom
the customs authority
Regional Tax•Regionaltaxaudit,objection,andappealinthetax
court•Regionaltaxplanning
RecognitionThe Indirect Tax team of Deloitte Indonesia received an award from theInternationalTaxReviewasIndonesia Indirect Tax Firm of the Year (2008).
Indirect Tax Services Group
Charles Setia [email protected]:+62212312879ext.6309
Jeklira TampubolonSenior [email protected]:+62212312879ext.6018
Deloitte Tax SolutionsThePlazaOfficeTower,32ndFloorJl.M.H.ThamrinKav28-30Jakarta10350IndonesiaTel:+622129923100Fax:+622129928303email : [email protected]
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/id/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firmsinmorethan140countries,Deloittebringsworld-classcapabilitiesanddeeplocalexpertisetohelpclientssucceedwherevertheyoperate.Deloitte'sapproximately169,000professionals are committed to becoming the standard of excellence.
This publication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or its and their affiliates are, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your finances or your business. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. None of Deloitte Touche Tohmatsu Limited, its member firms, or its and their respective affiliates shall be responsible for any loss whatsoever sustained by any person who relies on this publication.
©2011DeloitteTaxSolutions.MemberofDeloitteToucheTohmatsuLimited
