PxCube

PxCube

Proactively manage partial exemption calculations and to generate numbers required for periodic VAT/GST returns.

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pxcube

Practically, this means that the taxpayer must not only manage the preparation of the VAT/GST return, but also ensure visibility and control over the underlying data and accompanying business processes. This can be achieved by automating the VAT/GST compliance process and ensuring a clear audit trail from VAT/GST return entries back to the source data.

KPMG has developed the Partial Exemption Cube, (PXCube) and Recovery Calculator, which are off-the-shelf automated service offerings to assist with the VAT/GST compliance process. The PXCube and Recovery Calculator enable clients to proactively manage this process while automating the underlying partial exemption calculations.

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