close
Share with your friends

Transaction Tax and IT Systems

Transaction Tax and IT Systems

How can tax departments overcome transaction tax complexities as they work across borders, while adding even deeper value to their businesses?

1000
Ben Scull

Director, Tax Technology

KPMG Australia

Contact

Also on home.kpmg

Businesswoman pointing at digital board

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:

  • easing the administrative burden and improving the accuracy of transactional tax reporting data
  • reducing assessments or overpayments of transaction taxes
  • providing an opportunity to redirect resources from tax reporting to more rewarding activities, such as tax planning and analysis
  • helping to return the tax decision-making responsibility to the tax department (from other areas such as accounts receivable, accounts payable, purchasing, and billing departments)
  • reducing audit cycle time.

©2021 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

Liability limited by a scheme approved under Professional Standards Legislation.


For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal