What is VAT?
Value Added Tax (VAT) is an indirect tax levied on the supply of goods and services that can add between 5 - 25% to your organisation’s foreign business expenses. It is levied at every stage in the business cycle, itemised on the invoice and paid to the government in each state with the cost ultimately borne by the end consumer. VAT was established to encourage cross-border trade from one county to another, and was designed to be neutral to businesses if they go through the effort recover their foreign VAT.
Applicable VAT rates vary from country to country and the tax is recognised under different names, including IVA (Italy), GST (Canada, Australia), MWST (Germany, Austria), TVA (France, Belgium) and MOMS (Scandinavia).
Global Tax Compliance
The ever-changing tax laws and increasing regulation bring a number of challenges to companies.
Alliott Hadi Shahid is your source for trusted, efficient, and valuable tax preparation services. Our services are thorough, reliable, and cost-effective, allowing you to focus on your work and not have to worry about the increasing number of tax law changes. In addition to extensive knowledge of changing tax laws, our firm has a range of industry experts with insightful strategies. Our proprietary technology gathers information related to your tax return, which saves time and money.
International Assignment Services
In an increasingly global business environment, you need exceptional people in your international operations to deliver on your global goals. Your international assignment programme should attract and retain top players. This means looking at a whole range of questions, including:
At Alliott Hadi Shahid , we recognize that all companies are different, and we custom design the bookkeeping services we provide to meet your individual needs. The three levels of bookkeeping services described below serve as starting points to help you determine the level of bookkeeping services you require.
Financial and Management ConsultingIn many countries around the world, recent regulatory and market developments relating to financial reporting and corporate governance matters are significantly impacting the vast majority of publicly-traded companies, as well as many private businesses.
Why business tax efficiency matters
Tax is a component of shareholder value and so is not just the concern of the tax department. A company’s combined direct and indirect tax burden can represent a huge sum, while there can be significant penalties in failing to get the compliance process right. Tax therefore plays a key role in protecting and enhancing shareholder value. It can make or break an acquisition, an investment or virtually any kind of corporate activity that involves spending – or receiving – money.