VAT is neutral in terms of its behaviour in the mutual provision of services between entrepreneurs entitled to reclaim. However, if certain formalities or obligations to provide supporting documents are not met, it can become an effective burden on a company. Lack of expertise in the enterprise is an incalculable risk.
Although exemption regulations in turn relieve numerous revenues from VAT, they partly rule out deductions. The VAT burden can be optimised through advance planning and modelling.
The Value Added Tax Act involves many interpretation issues. Companies, organisations and municipalities often need support with resolving these issues. Working in close cooperation with the client, our tax experts identify the challenges and problems related to value added taxation in the client’s field of operation. We help the client find the best operating methods for managing issues related to value added taxation.
Our tax experts help clients with the following areas:
- Rights of deduction and their restrictions
- Targeted audits of accounts
- Corporate restructuring
- Value added taxation of municipalities
- Reverse value added tax
- Value added taxation of properties
- Issues related to taxation of own use
- Value added taxation of non-profit organisations and
- International circumstances.
Our VAT specialists make it their business to know enough about yours so that they can anticipate opportunities and problems, and act quickly to deliver a solution, leaving you to get on with your business. We never forget the most important aspects of any VAT solution: it must be practical, it must advise you what to do and it must not create a different problem elsewhere.
If you are concerned that you may be missing an opportunity or overlooking a potential risk, or have a particular VAT issue on your mind, our team of VAT specialists can help. Taking time to learn more about you and your business will help pinpoint areas where we can work together to make you VAT-efficient.
BDO gets you up to speed in terms of assured handling of VAT.
Thanks to its global network, BDO is thoroughly familiar with the regulations that apply in more than 150 countries, in and outside of the EU. Our Estonian team can rely on the support of a wide network, and so can you and your company. For a number of countries, BDO even has a special country desk (USA, UK, the Netherlands, France, Germany and China). You get clear advice on all aspects in the field of VAT, customs and excise duties, whether domestic or international.