Managing Compliance in a Complex World is challenging!
Today’s unprecedented rapid economic changes and evolving regulatory focus are forcing companies to rethink the way they do business. Faced with resource constraints, tax and finance departments should be concentrating on higher value activities, such as strategic tax planning, risk management and how to better integrate the tax function with the rest of the business to bring more value-add. However, many of them often spend a disproportionate amount of time on compliance activities. To better manage / utilise resources, companies should be taking a closer look at how they can better manage their compliance obligations on a world-wide or regional basis to enable them to channel resources to focus on more value adding aspects for their businesses.
We can help manage your compliance process more efficiently and effectively. Our Global Compliance Management Services (GCMS) practice leverages KPMG’s worldwide experience to deliver a range of efficient and effective outsourced tax and other statutory compliance services to assist in meeting client's compliance obligations. There is a dedicated team of experienced Country Leaders and Knowledge Managers in each country who can share information on compliance best practices, provide timely, effective and value adding services, to enable companies to meet their global or regional compliance obligations.
We assist Singapore-based companies going offshore / with offshore presence and wanting central management / oversight of their regional / worldwide compliance obligations status. GCMS provides companies with leverage to better manage their tax risks. Our GCMS focus areas include:
- Corporate income tax returns
- Withholding tax returns
- Indirect tax returns
- Corporate secretarial services
- Bookkeeping services
- Payroll services
- Tax accounting (SFRS, IFRS and US GAAP) services
Our "KPMG LINK 360" technology / communication tool provides a single platform from which users (both the companies and the local KPMG teams) can access the companies’ global compliance information, allowing them to better understand and efficiently meet the companies’ global / regional filing obligations, gather and report on information and effectively help to free up resources and reduce costs.