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Tax - Credentials

Tax - Credentials

We have done it before.

We have done it before.

Our Tax Management & Compliance Services team has worked with international companies across a range of sectors, helping them with a variety of tax issues.

 

"KPMG brought a very structured approach to us and the wider resources needed to drive through the changes in a way that was driven to achieve results whilst listening and understanding the environment in which they were working. KPMG brought a wealth of experience to my team, and an external challenge that was required to shape the projects. The ability to work with many different people across the organization was a key factor in this – being able to bring people along the journey in a way that the internal team would have found very difficult (if not impossible) to do." -Global Head of Tax for a listed company

 

"Over the last five years we have not had an instance of fines or penalties arising from failure to file our tax returns. With subsidiaries in 40 countries KPMG has delivered on its service delivery KPI. In regard to LINK 360 KPMG has listened to our opinions on how LINK 360 can be enhanced and have factored those changes into upgrades to a point where we can obtain very useful tax reports which we can use for risk reviews and tax business planning." -Head of Tax, Global Dairy company

 

"Using the Tax Reporting Cube has greatly improved the efficiency of our year-end reporting process. Standardized tax packs which can link directly with our accounting system have improved the integrity and granularity of data available to us. The system is very simple and easy to use which is important when dealing with different tax jurisdictions. Using the Tax Reporting Cube has allowed us to truly standardize our processes and enabled us to quickly and easily produce the relevant tax disclosures." - Head of Tax, global food and domestic goods retailer

 

"This has freed up our resources to concentrate on other value added aspects of the business; a single provider worldwide has had a huge benefit. The visibility on global tax risks has increased considerably." - SVP Global Tax and Global Head of Tax Rate Strategy, Management and Risk

 

"Any outsourcing of the size of our company and involving as many different jurisdictions will always provide its issues and challenges. We have found KPMG to be proactive in responding to those challenges and delivering effective solutions. One concern we always had was whether KPMG could provide the leverage to deliver those solutions given that in many individual jurisdictions our company was not large. To date they have proven that concern to be unfounded." - Group Tax Manager

 

Key aspects of our credentials:

  • Focus on people issues and communications to ensure understanding and gain buy-in to change at local level
  • A tried and tested approach to transition of global compliance services
  • A unique approach to data transfer and analysis which leverages your existing accounting structures
  • Provision of proprietary technologies designed to support global compliance
  • Flexibility and scalability to fit your specific situation as the group change

 

Case Study - Global pharma company

 

Profile and coverage

  • Global (all regions)
  • 85 countries

 

Services covered

  • Corporate tax returns and payments.
  • Tax advisory projects on a range of cross-border matters.
  • Group and local tax reporting using KPMG’s proprietary Tax Reporting Cube technology. We undertook a thorough dry run of the process prior to go live.
  • Tax audit (local tax authorities) support.
  • Process improvement projects across key jurisdictions.
  • Assistance with migrating statutory and tax processes to a Hub structure. 
  • Development of an approach to undertaking statutory accounts within the Hub structure. 
  • Tax sensitization of the SAP system to meet local statutory and tax requirements. 
  • Use of KPMG LINK 360 to manage the engagement including development of bespoke reports (e.g. Risk Registers).

 

Value generated

  • Timely and accurate filings across the engagement. 
  • Planning to support tax rate reduction. 
  • Significantly improved group year-end reporting – providing enhanced tax analysis for senior management and greater assurance to the auditor. 
  • Visibility of tax attributes and risks globally. 
  • Simplified and consistent tax processes.

 

Case Study - Global entertainment company

 

Profile and coverage

  • Global (all regions)
  • 36 countries

 

Services covered

  • Corporate tax returns and payments.
  • Statutory financial statements. 
  • Indirect tax filings and payments. 
  • Tax advisory projects on a range of cross-border matters. 
  • US GAAP group tax reporting. 
  • Local statutory financial statement tax provisioning. 
  • Tax audit (local tax authorities) support. 
  • Process improvement projects across key jurisdictions. 
  • Use of KPMG LINK 360 to manage the engagement including development of bespoke reports (e.g. engagement performance).

 

Value generated

  • Visibility and timely and accurate filings across the engagement. 
  • Control and supervision of the tax compliance obligations worldwide. 
  • Internal control and risk management.
  • Access to relevant information 24/7.
  • Tax planning opportunities.
  • Centralized Income Tax Accounting.
  • Clear roles and responsibilities. 
  • Visibility of tax attributes and risks globally.
  • Simplified and consistent tax processes with clear view on responsibilities and corresponding due dates. 
  • Global network of local country professionals with uniform work approach.

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