As digitalization disrupts the way businesses operate and rapidly changes the tax landscape, new tax requirements (both indirect and direct) seek to ensure that tax is collected at the point of consumption.

What we often hear is that companies struggle to keep track of the changes in the many jurisdictions around the world where their customers are potentially based. The fast pace and volume of these changes make it highly challenging to implement them on a timely basis. While this started with indirect taxes mainly over the past five years, we’re seeing a similar movement concerning digital services taxes and the like pending consensus at OECD level.

Tax authorities are also increasingly adopting measures to collect data from tax payers, especially in the context of digitalized business models and platforms facilitating such transactions. This can take the form of data record keeping and reporting requirements or be managed through government regulated invoicing systems. Both ways ensure that tax authorities get access to tax payers’ transactional data providing them with further insights into the revenues and taxes collected at the point of consumption.

KPMG has developed the Digital Economy Tax Tracker app featuring news updates, jurisdiction specific information on indirect taxes as well as publications on tax issues in the digitalized economy and the digitalization of tax. News updates are regularly provided and the jurisdiction specific indirect tax information is structured in a consistent format addressing the key information companies need to know to assess the impact of local indirect tax requirements on their business and provides a framework for effective implementations.

The KPMG Digital Economy Tax Tracker app is free of charge and can be downloaded in the App Store  or Google Play.

We are convinced you can find value in the Digital Economy Tax Tracker app and welcome the opportunity to discuss it further at a time convenient for you. If you have any further question or require more information, don’t hesitate to contact us.

Jeroen Gobbin

Partner, Head of Indirect Tax | Tax, Legal & Accountancy

KPMG in Belgium