• Value Added Tax

We Know VAT

We all know that VAT is a value added consumption tax generally imposed at 17.5% on the supply of goods and services.  But there's plenty more to know about VAT.

GST’s broad base often belies its complexity and areas of tension. Certain exceptions apply - including land, leasing, imported and exported goods and services. There are also mixed use assets and time or place of supply issues.

As a system based tax it's also critical that your system for collecting and recording the required VAT information is efficient and robust. Without this, systematic errors can compound over a period of time.

It's important to have an adviser who understand all the implications for you and your business. That's where BDO can help.

We can assist with:

  • VAT consulting advice on specific transactions
  • VAT review of systems
  • VAT return preparation or review
  • Registrations
  • Overseas online services
  • Mixed use apportionment calculations
  • VAT audit reviews