Indirect Taxes

Small errors in cross-border supplies of goods or services may already lead to significant financial losses for the company or the business partner in cases when they are not identified in time. TALA Consult creates individual concepts of risk management in order to help you meet the increasingly strict legal requirements.

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In the first phase, we identify your financial risk as part of a 360 degree analysis using intelligent software solutions. This includes the assessment of both ERP configuration and processes as well as data quality. In addition, we provide smart checks and controls to verify your VAT Compliance. Using data mining, we can for example detect hidden chain transactions. This avoids negative consequences to your organization in tax controls.

The identification of tax leakages also improves your bottom line and thus ensures the return on investment of our projects.

As a result of the 360 degree analysis failures and data inconsistencies are recongnized in time, data quality improved and future risks, such as penalties, interest or unrealized input taxes avoided. The project results build a strong pillar in your tax compliance structure.

In the second phase, we help companies streamline their tax processes. A particular focus of our work is on process automation. Among others, TALA Consult offers its own IT solution for the tax reporting and account reconciliation from heterogeneous data sources. This includes VAT, EC-Sales Listings and Intrastat in numerous countries. In this way, the correct tax treatment of your transactions will be secured on a sustainable basis and both the performance and the cost structure of the tax department will be improved. The on-going development and implementation of our process improvements will strengthen your tax compliance structure. As a consequence, it also reduces the likelihood of civil and criminal liability for the decision makers in your company.

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In addition, TALA Consult offers an efficient, holistic and cost-effective outsourcing solution in the field of foreign VAT. Our consultants have gained many years of cross-industry experience and know your challenges. 

Our services include:

  • Foreign VAT recovery from countries where the company has not made any taxable transactions
  • VAT Compliance in EU Member States and selective third countries, e.g. due to chain transactions or foreign consignment stocks. Our services include local VAT registration abroad as well as the  preparation and submission of periodic returns and declarations (in particular, VAT returns, Intrastat declarations and EC Sales Listings)
  • Identification of non-booked input VAT on travel expenses
  • Recovery of incorrectly charged VAT in supplier invoices

TALA Consult works in interdisciplinary teams, supported by an international network of experts.

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