The KPMG Value-Added Tax (VAT) team offers comprehensive consulting and compliance services for all industries. We assist clients to comply with statutory requirements, and administrative responsibilities and to deal with practical difficulties. VAT impacts almost all transactions and it is important to account for the correct VAT, at the right time and value and to issue/obtain the required documentation. Getting it wrong will result in unnecessary costs which may include VAT, interest, penalties, understatement penalties, and advisors’ costs.
