Supporting tax compliance for a leading multinational

Supporting tax compliance for a leading multinational

KPMG in Germany helps automate and simplify a massively complex tax challenge for Siemens.

KPMG in Germany helps automate and simplify a massively complex tax challenge for Siemens.

KPMG in Germany helps Siemens automate and simplify a massively complex tax challenge.

Siemens is a diversified multinational with 362,000 employees operating across virtually every country in the world. Carrying out major engineering projects globally, thousands of Siemens people are constantly on the move, working somewhere other than their home country.

This creates tremendous demands for managing tax filings and payments, and ensuring compliance with necessary work permits, visas and insurance.

Siemens selected KPMG in Germany to help automate and simplify what is a massively complex tax challenge.

“There are two objectives for Siemens from a tax perspective,” said Harald von Heynitz, KPMG lead partner for Siemens. “First, is ensuring compliance – governments around the world are giving greater scrutiny to international payments and demanding greater transparency; second, is assisting with tax planning to support the thousands of employees who are working in multiple countries every year.”

KPMG’s Global Mobility Services (GMS) technology automates a number of what were previously manual processes.

“The GMS technology enables faster, more integrated access to tax and other data,” notes Christian Baumgart, partner with KPMG in Germany and GMS technology lead. “KPMG development teams in Germany and the US have also tailored an enterprise workflow solution, so the client is able to oversee compliance services on dashboards with complete transparency and control.”

Beyond technology, Siemens values the breadth and knowledge of KPMG member firms to provide support in the more than 175 countries where they operate. “Siemens’ goal is to get the right people to the right locations as quickly as possible – something they very much have in common with KPMG,” said Uwe Nowotnick, engagement partner. “The client values our ability to be nimble and to provide a deep understanding of local country laws and requirements.”

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