Value-Added Tax

Value-added tax (VAT) is imposed in more than 140 countries worldwide, making it the world’s most commonly used tax. Although VAT is currently not imposed in the United States, all U.S. multinational corporations should be aware of VAT, as it can impact almost every transaction while doing business overseas.

Value-added tax services (PDF)

In brief, VAT is applied to the sale price charged for goods or services at every point in the supply chain. A business has to account to the government for the VAT due on its income, but it can usually claim a credit for the VAT that it incurs on the cost of materials and other taxable costs.

KPMG’s International Indirect Tax team includes professionals who have hands-on experience working in VAT regimes across many different countries in Europe, Latin America and Asia Pacific. They have worked with companies in all sectors and use this significant experience to help clients identify and manage their VAT risks and compliance costs while identifying opportunities for cash flow benefits and potential savings. By teaming with the KPMG global network, we can also assist with VAT compliance requirements.

Contact:

Frank Sangster

Principal
fbsangster@kpmg.com
267-256-1680

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