Attitudes to tax are changing. Organizations of all sizes are ever more exposed to new trends in tax regulation, not just locally but globally.
Attitudes to tax are changing.
Many countries including Saudi Arabia have increased their reliance on indirect taxes as a source of revenue. These taxes – which can include VAT, customs and excise duties, insurance premium taxes and environmental taxes – affect businesses greatly. Unfortunately, they are often misunderstood. Legislation and case law, for example, have become more complex, making it harder for global businesses to comply with their indirect tax obligations.
Business processes are also becoming more complex, with technology playing a much greater role in the management of indirect taxes. Getting these processes right is an important step.
At KPMG, we have the systems and tools for this and a wealth of knowledge about indirect taxes.
We offer the following services to our clients: