Import VAT & GST Recovery Project

VIP SOLUTIONS CASE STUDY

BACKGROUND

Upon global ERP system conversion, our client lost the ability to analyze, report & recover VAT and GST paid on imports to the EU & Canada.

OBJECTIVES

VIP Solutions Case Study

Identify population of unrecovered import VAT & GST paid over the previous 3 years.

VIP Solutions Case Study

Accumulate import logistics invoices & customs entry forms to support recoverable balances.

VIP Solutions Case Study

Liaison between client, KPMG international tax advisory, & statutory auditors to expedite cash recovery.

SOLUTIONS

VIP Solutions Case Study

Analyze year over year logistics expenses paid by freight lane to identifying the cost driver to be import tax payment.

VIP Solutions Case Study

Analyze Oracle R12 GL data to identify payments made to logistics vendors in order to identify tax burdened payments.

VIP Solutions Case Study

Coordinate with Fedex, UPS & small logistics carriers to accumulate invoices & customs entry forms.

VIP Solutions Case Study

Create indexing for supporting documents and populate data rooms for access by KPMG international tax advisory & statutory auditors.

VIP Solutions Case Study

Project manage defined procedures review by KPMG & statutory audits.

Recovered over
$5M cash and $3.5M EBITDA improvement