The shift to indirect tax from corporate tax is an unmistakable reality worldwide — and the trends KPMG LLP (KPMG) sees globally are the same trends KPMG sees within the countries that make up Latin America (LATAM). As U.S. businesses continue to expand into LATAM, spreading their reach to new territories and thus different tax regimes, they are encountering different liabilities and ever-changing reporting obligations.
Given the huge volumes of value added tax/goods and services tax (VAT/GST) transactions that must be handled at any one time, finance and tax directors in LATAM should determine that their organizations’ people, systems, and processes are able to consider and respond to the VAT/GST changes that can affect their operations and internal systems as a result of changes in law, policy, and practice.
To assist with this effort, KPMG’s U.S.-based Value added Tax group has assembled a talented team of professionals with substantial knowledge in and experience with indirect tax regimes across LATAM. These professionals have worked with large multinational FORTUNE 500 companies and are well-versed in research, analysis, and interpretation of LATAM indirect tax laws. Coupled with our International member firms’ knowledge, experience and key working relationships with LATAM government authorities and tax administrators, KPMG can help U.S. corporations effectively navigate their indirect tax obligations.
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