VIP SOLUTIONS CASE STUDY
Upon global ERP system conversion, our client lost the ability to analyze, report & recover VAT and GST paid on imports to the EU & Canada.
Identify population of unrecovered import VAT & GST paid over the previous 3 years.
Accumulate import logistics invoices & customs entry forms to support recoverable balances.
Liaison between client, KPMG international tax advisory, & statutory auditors to expedite cash recovery.
Analyze year over year logistics expenses paid by freight lane to identifying the cost driver to be import tax payment.
Analyze Oracle R12 GL data to identify payments made to logistics vendors in order to identify tax burdened payments.
Coordinate with Fedex, UPS & small logistics carriers to accumulate invoices & customs entry forms.
Create indexing for supporting documents and populate data rooms for access by KPMG international tax advisory & statutory auditors.
Project manage defined procedures review by KPMG & statutory audits.