Reducing Tax Risks and Costs
Businesses around the world are required to accurately identify, calculate, and report sales tax, value-added tax (VAT), or goods and services tax (GST) on all sales transactions. With rates that can rise to 25 percent or more, businesses often struggle to manage indirect tax requirements. What’s more, most enterprise resource planning (ERP) systems do not deliver the necessary indirect tax functionality out of the box required to stay up-to-date with ever-changing tax rules and regulations. To meet these challenges, many organizations turn to an automated “tax engine” for their indirect tax compliance function—and a trusted adviser who can help implement it.
KPMG LLP’s Transaction Tax Systems practice coupled with Thomson Reuters ONESOURCE Indirect Tax management solutions provide a leading combination of software and services that can help companies meet their tax performance and scalability requirements. Working with ONESOURCE, KPMG can help companies thoroughly manage their global indirect tax compliance requirements and reliably report these taxes as they do business in North America, Europe, Latin America, and Asia Pacific.