Value-added taxes (VAT) are now in place in 160 jurisdictions. Many of these countries are increasing their reliance on VATs as a revenue source by increasing rates, broadening the tax base and enhancing audit and compliance functions. For international companies with large transaction volumes and high VAT throughput, managing indirect tax compliance amid rapid global regulatory change may seem overwhelming — but their company’s profitability, or very survival, can depend on it.
Help is at hand. To learn more, download a copy of Surviving regulatory and policy change in indirect tax, the final article in the four-part series called “Getting down to business with indirect tax” by KPMG’s Global Indirect Tax Services professionals. This new article aims to show indirect tax leaders how they can deal with rapid regulatory change by putting in place a practical framework to predict, assess, manage and influence it.