Many countries, including Saudi Arabia, have increased their reliance on indirect taxes as a source of revenue. These taxes – which can include VAT, customs and excise duties, insurance premium taxes, and environmental taxes – affect businesses greatly. Often, the commercial and operational impact of these taxes is underestimated. Legislation and case law, for example, have become more complex and are constantly evolving, making it harder for global businesses to comply with their indirect tax obligations. Technology now plays a much greater role in the management of indirect taxes. Getting the approach to indirect taxes right is a critical step in managing this tax risk.
At KPMG, we have the systems and tools for this and a wealth of knowledge about indirect taxes.
We offer the following services to our clients: