KPMG member firms offer the following global tax outsourcing services:
- domestic and cross-border corporate income tax and indirect tax compliance
- related tax planning advice
- assistance with tax accounting
- assistance with accounting, bookkeeping, statutory accounts preparation and payroll tax functions
- help with tax authority audits.
New, tough, wide-ranging regulations have propelled tax management into the corporate spotlight ― forcing companies to pay even closer attention to compliance with local country tax laws. Increased scrutiny results in a greater demand for more and better information ― often under shorter deadlines. Outsourcing or co-sourcing the tax compliance function can help tax departments free up valuable time to focus on core tax planning and business support while:
- embedding consistent processes and controls
- filling the knowledge gap that may exist when operating in several locations and under different tax regimes
- leveraging the experience and technology of companies that can coordinate the tax compliance process across many jurisdictions.
Our team of dedicated professionals, experienced in tax, accounting and project management are located in cities where our firms' clients do business
— not remote processing centers
— allowing KPMG to provide a single point of contact while adhering to multiple local regulatory requirements. With KPMG member firms located in 145 countries, we can deliver the resources when and where needed to provide our clients’ tax departments, and the shadow tax team in the finance function, with the service and support they need to manage their compliance obligations in an ever-changing regulatory environment.
Our Global Tax Outsourcing professionals are united by shared values, a clear brand, a common approach to delivering compliance services and a commitment to quality and integrity.
Outsourcing is a major commitment for both parties. Relationships have to be built, knowledge transferred, timetables set, responsibilities allocated and objectives and outputs defined. Good execution of these tasks builds confidence; poor execution drains it. Timely compliance on a global basis requires a disciplined, highly structured approach and strong project management skills.
Our approach is designed to provide proactive management of the entire compliance process, including a transition plan to help curtail business disruptions, documentation and process controls to help minimize risk and improve control, active knowledge sharing to enhance communication and increase transparency, and an efficient process for managing change. It is a flexible, scalable approach designed to meet our firms' clients’ needs and provide for growth as they expand into new territories.
Our Global Tax Outsourcing technology tools are designed to provide the consistency needed for global processes while accommodating local variations
— helping to provide efficiencies in project delivery, transparency over worldwide compliance obligations and timely and accurate reporting.
KPMG’s Global Tax Management System (GTMS) is our proprietary web-enabled collaboration and reporting tool that provides our firms' clients with visibility on progress and access to key data and documents, while leaving the day-to-day project management in our hands. GTMS is a flexible, configurable tool that provides:
- access to information and project status 24 hours a day, seven days a week
- a single point of reference for all project related information and files
- transparency over project status and completions of tax filings
- timely awareness of potential issues
- the potential for reductions in the total cost of data configuration and transfer over time
- tailored reporting of tax attributes to help client management teams effectively manage tax on a local, regional or global basis.
