Indirect tax compliance: Go beyond the data

Indirect tax compliance: Go beyond the data

How efficiently and effectively is your organisation managing indirect tax compliance? A small, systemic error can result in a GST adjustment of hundreds of thousands, if not millions, of dollars. More importantly, getting your indirect tax compliance wrong doesn't only impact your immediate bottom line, it can do long-term damage to your reputation and impact your relationship with the tax authorities.

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Partner, Head of Tax Technology & Innovation, Australia and ASPAC

KPMG Australia

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Indirect tax compliance: Go beyond the data

Managing your indirect tax compliance becomes harder if your business operates multiple entities in multiple locations (within Australia or internationally). Placing an increased responsibility on you to be aware of the rules in those jurisdictions. Are you confident that those responsible for determining your indirect tax obligations have the expertise and understanding of the tax specific regulatory requirements in those jurisdictions?

How we can help

If your staff are spending their time on compliance they may not be spending time on strategic tax management that adds value to your business.

For any business looking to streamline their indirect tax compliance activities, add value to the business and reap the rewards of specialist, multi-jurisdictional tax skills, the following should be high on the agenda: 

  • GST returns  
  • reconciliations, management reports and data analytics  
  • on demand tax decision management  
  • registration and deregistration  
  • proactive issue management with tax authorities 
  • support for indirect tax audits.

Tax Technology & Innovation

KPMG's Tax Technology & Innovation Group helps automate tax processes to free-up tax department resources for value added activities.

 
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Indirect Tax Services

KPMG can assist in all aspects of indirect tax, from education and training, policy, compliance and technology through to audits and disputes.

 
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