How can tax departments overcome transaction tax complexities as they work across borders, while adding even deeper value to their businesses?
Businesses that report transaction taxes, such as GST, sales and use, or VAT in an international environment, can face a daunting task as they strive for efficiency, accuracy and compliance amid continual disruption.
So how can corporate tax departments overcome these complexities as they work across borders, while adding even deeper value to their businesses?
Using extensive knowledge of both transaction taxes and technology systems, KPMG helps clients redesign their transaction tax decision-making and return-preparation processes, improving data consistency and providing a mechanism for adapting to potential changes in either the tax reporting processes or the underlying technical rules.
As a result, tax department's productivity is increased by: