The global project to address base erosion and profit shifting (BEPS) is primarily directed at taxing international profits, causing few companies to examine the potential impact of BEPS changes on companies’ indirect tax positions in detail. But for global companies with complex supply chains and high volumes of transactions, the interlocking implications of BEPS for transfer pricing, value added tax (VAT) and customs will be substantial.
In fact, the need to manage the impact of the anti-BEPS proposals across the company’s supply chain can provide the impetus to drive interaction among these three often isolated disciplines. The resulting collaboration and integration could continue producing benefits for the company for years to come.
To learn more, download a copy of ‘Taxing complex global supply chains in a post BEPS world’ the second article in the Getting down to business with indirect tax series by KPMG’s Global Indirect Tax Services professionals.