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View all AlliancesHelping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.
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Learn moreThe Supreme Administrative Court held that U.S. sales tax paid by a seller on behalf of a buyer was a tax-deductible cost for the seller.
The Supreme Administrative Court on August 9, 2024, held (case file II FSK 1506/22) that U.S. sales tax paid by a seller on behalf of a buyer was a tax-deductible cost for the seller.
The court found that the payment was a direct cost allocable to each sales transaction (i.e., the tax was related to specific revenue from the sale of a specific product) and not a cost related to the taxpayer’s general revenue.
Read an August 2024 report prepared by the KPMG member firm in Poland
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