How well do your indirect tax metrics perform?
Most global companies keep a close eyeon metrics like the effective tax rate tomonitor their performance on income taxes. But only a minority of them give the same attention to how they’re performing where indirect taxes are concerned — which is a surprise given the huge amounts of working capital tied up in indirect tax processes.
With tax authorities increasingly shiftingtheir focus to consumption taxes like VAT, businesses are becoming more aware ofthe need to manage risk and ensure thatthey have robust indirect tax processesin place.
In this first article in the Getting down to business with indirect tax, KPMG’s Global Indirect Tax Services professionals explore the key performance indicators driving indirect tax value.