Technology zone

Technology can take some of the routine work out of tax management. During the Asia Pacific Tax Summit, KPMG member firms’ professionals will be demonstrating technologies supporting the global management of indirect tax, transfer pricing and tax outsourcing. They include:

Global Indirect Tax Services

VAT management, process, and control using Web-based systems and data analytics tools

The increased focus of national tax authorities and the regulatory burden placed on organizations by SOX 404 and similar governance regulations are making the management of indirect taxes ever more challenging. Tax managers must not only be sure of the accuracy and completeness of VAT numbers on returns and financial statements; they must also manage the end to end indirect tax process and have a clear view of the processes that generate the VAT numbers. KPMG’s process and control reviews reduce VAT compliance risk, streamline reporting processes and thus add value to the business. The technology enabled services range from Web-based tax management systems for monitoring regional and global compliance, to Data Analytics which enhances the quality and accuracy of data, and improves analysis and access to the supporting numbers.

Global Transfer Pricing Services

Interpreter®

Interpreter® is a robust Web application, designed by transfer pricing professionals with multinational companies’ needs in mind. It is used by some of the world’s largest companies, as well as KPMG professionals around the world, to perform transfer pricing analysis for thousands of member firm clients. Clients who use Interpreter cite its analytical capabilities, Web-based platform, and project-management features as major strengths. They say its ability to help them manage transfer pricing risk is the most important factor in their decision to license the software and users say Interpreter helps their organizations operate more effectively and efficiently, saves time, money and resources, and increases accuracy.

Global Tax Outsourcing

Global Tax Management System (GTMS)

GTMS is a Web-based proprietary application that improves transparency and control of global tax compliance and other tax projects. Available 24/7, GTMS allows real-time collaboration and measurement of project status, including execution of detailed work plans and coordination of distributed workflows. GTMS is flexible enough to accommodate a wide variety of projects and can be tailored to meet the specific needs of member firm clients and project teams.

During registration, delegates will have the opportunity to make an appointment to discuss further the technology tool(s) which may be of interest to them.