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Data and Indirect Tax Global Indirect Tax services webcast series 26 February 2020

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Page 1: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

Data and Indirect Tax

Global Indirect Tax services webcast series

26 February 2020

Page 2: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

2© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.2© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Today’s Presenters

Niren Saldanha

Partner

Tax Technology

KPMG In the US

Alexander Zegers

Director

Tax Technology

KPMG in the Netherlands

Reece Duncan

Senior Manager

Tax Technology

KPMG in the UK

Page 3: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

3© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Administration

Polling questions

—Polling questions will appear as we

proceed through the presentation.

—As mentioned, in order to receive the

certificate of attendance, we require

participants to take part in at least four

of the six polling questions.

— If you qualify for the certificate of

attendance, it will be sent to you

following the webcast.

Attendee questions

—You may submit questions in the Ask

a question button on the left. We will

answer as many questions as we can

during Q&A. If we are unable to

answer your question during the

webcast, someone from KPMG may

reply via phone or email following the

webcast.

—For technical issues, please use the

Question Mark button in the upper-

right hand corner of the media player.

Your feedback

—When the webcast is over, the

webcast player will automatically

refresh to display an exit survey. Feel

free to complete the survey, as your

comments are very valuable to us.

Page 4: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

4© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.4© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Agenda

Setting the scene

Indirect Tax digital

reporting trends

What do

clients need?

Value proposition

How do we

respond?

Tax & Data solution

framework

What have we done?

Real life client use cases

Page 5: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

Setting the scene:Indirect Tax digital reporting trends

Page 6: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

6© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

VAT compliance trends: country examples

Papers

forms

Web

forms

UK MTD

Poland

SAF-T

Spain

SII

Hungary

Real-time

reporting

MX, BR,

IT, TR, KR

Chile, IndiaB

us

ine

ss

pro

ce

ss

imp

ac

t

System Impact

Fin

ancia

l

Traditional

Tax Form Filing

Digital file transmission required Electronic invoice required

Paradigm Shift

Digital Tax Reporting

Tax Process and Resource impact ERP Impact Digital Ecosystem Impact

Transformative

E-Invoicing Compliance

Optional ‘Post

Audit’ E-invoicing

Continuous Transaction Control

‘Clearance’ e-

invoicing and E-

Assessment

Residual (Digital)

Reporting

Page 7: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

7© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

New CFDI for all Payments

LATAM example: MexicoTax ID

(RFC)

Digital

Signature

Digital

Stamp

Taxpayer

ERP XML

Recipient

Arc

hiv

eV

alid

ati

on

1–1

1+

Page 8: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

8© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Real time reporting

Making Tax Digital

Electronic invoicing

EuropeA move to increased digital reporting

A growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission, and e-

invoicing as a way of getting complete records of tax transactions and producing their own assessment of tax liabilities. Europe, Asia Pacific and Latin America,

are making the biggest strides in adopting digital reporting, with 14 EU countries now requiring the provision of some form of electronic data.

The map highlights the European countries that have implemented, or are in the process of implementing. We expect this to only increase in the coming years.

Summary — Europe

Planning for

SAF-T

Current SAF-T

Countries

Detailed VAT

Reports

Norway Austria

Spain

Luxembourg

France

Portugal

Lithuania

Poland

Czech Republic

Slovakia

Italy

Estonia

Latvia

Hungary

Romania

Hungary Spain

United Kingdom

Italy Greece

Page 9: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

9© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.9© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Country highlight: UKKey requirements for making tax digital for VAT

MTD VAT return

API submission

Digital VAT records Digital links

VAT registered businesses (including self-employed and landlords) with turnover above the VAT registration threshold (currently £85,000) will have to

meet the new making tax digital for VAT requirements which come into affect from April 2019. The requirements are:

1 2 3

VAT returns must be submitted digitally via

the new MTD API process.

Businesses will need to maintain digital

records (i.e. transactional data).

Businesses will be need to demonstrate that

‘digital links’, rather than manual processes,

are used throughout their end to end VAT

return preparation process.

Page 10: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

Indirect Tax & Data transformationthemes

Page 11: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

12© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Lots of organizations have a data problem……Tax departments spent lots of time on non-tax related activities, like data collection, cleansing, processing, etc. —

mostly done in spreadsheets

Data extraction Data processing Compliance & insights

80% of the process in terms of time spent 20% of the process

Organizations should get the foundations right and reduce the

required efforts to 30%

Adding tax value by deploying insights

solutions and compliance software

Page 12: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

13© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

What are organizations looking for?

Real-time access to transactional data

for tax purposes

Tax reconciliation automation

User-friendly visualizations

(dashboarding)

Insights to improve processes or quantify

risks/savings

Tax control framework including

data-driven continuous monitoring

Automating tax compliance processes,

cutting out manual processes

Page 13: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

14© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

What are the challenges to achieve this?

The people in our Finance team spend a lot of time

doing manually oriented tasks to support our tax

compliance process — how do we reduce that?

I’ve heard the tax authorities are investing

heavily in technology so that they can carry out

data and analytics testing. I don’t know what they

may find with my organization.

Our organization has trouble

obtaining the data we need to

prepare our tax filings — the data often

comes in from many different

sources — is there a better way?

I spend most of my day trying to get

the information from the business, in

managing tax problems for

transactions which have already

happened — how do I prevent

problems from arising?

As a Tax Manager, I struggle to have

visibility over the activities or

transactions being carried out by the

business. Is there a way to help me

with this?

The budget in my organization will not be sufficient to allow me to hire new people, or to invest in technology to help me fix

some of our existing problems. How do I get started?

Page 14: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

15© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.Tech

no

log

y e

nab

lers

Systems &

platforms

Processes

Compliance

Tax transformation through data-driven solutions

ERP Tax sensitisation(tax engine, blue printing, tax master data)

Data

Tax data management & intelligence(tax data strategy, tax insights & data warehouse

deployment)

Process & controls(end-to-end process review/improvement, tax control

framework)

Compliance automation(compliance readiness check, data preparation)

Tax savings & risk/compliance insights(reverse audits, health-checks, etc.)

People

Fo

un

dati

on

Data

-en

ab

led

pro

po

sit

ion

s

Indirect Tax function enablers Data-driven improvement areas

Tax transformation

Technologies

Page 15: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

16© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.16© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

KPMG’s global tax data solution concept

Solutions

Simple, standardized and

broad-ranging ETL processes for

tax data

How does it work?

Common

data model

Cleaned

data

Raw data

Application

data

Tax Data Factory

Insights

Data collection and transmission

Page 16: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

Indirect Tax data managementsolutions framework

Page 17: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

19© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Tools, tools, tools……We should be ‘tools’

and technology agnostic!

Page 18: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

20© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Indirect Tax data management frameworkCompliance

(‘last mile’)

Reporting

& insights

Data

foundation (TIS)

Extr

act

Tra

nsfo

rm L

oad

TIS common data model(Tax Data Warehouse)

Compliance

cockpit

Data

analytics

Trend

analysis

SAF-T

reports

Data

Qu

ali

ty C

hecks &

Reco

ncil

iati

on

s

Source data(ERP, Excel, Other)

Tax C

om

pli

an

ce E

ng

ines

(co

mp

uta

tio

n a

nd

retu

rns)

Data

collectionTax processes

Order-to-Cash

Purchase-to-Pay

Tax code determination(manual or automated)

Data

Data

Compliance

preparation

Electronic

Filing

In-depth knowledge about the tax

setup in the most commonly used

ERP systems:

— SAP

— Oracle EBS

— JD Edwards

— MS Dynamics

— MS Navision

Data extraction tooling

capable of immediate data

extraction (E-invoicing):

— Automated data extractors

(plug-in)

— ERP reports

— Data requests

Data warehouse for tax

architecture available in:

— MS SQL server

— Alteryx

— SAP HANA

Data visualization tools:

— QlikSense

— Power BI

— Tableau

VAT return preparations and

country specific solutions:

— KPMG Compliance Centers

— OneSource Compliance

— CCH Integrator

— Avalara

— Sovos

Technology Platform — cloud or on-premise (KPMG hosted/client hosted)

— KPMG Digital Gateway — SAP Tax Compliance

— ServiceNow

— Appian

Fin

an

ce

-to

-rep

ort

Page 19: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

Use cases

Page 20: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

27© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.27© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Use case

Tax data transformation

Page 21: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

28© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Internal reporting

Financial

and BU

Tax data transformation — A pharma organization

Indirect taxERP system

Transfer pricing

Plan, budget, forecast

Data analytics report

Intercompany trans

Direct tax

Tax Planning

Multi-disciplined

Global tax logic

Multi-country reporting

Transaction history

GAAP/Stat/tax papers

Global tax rates

Multi-country compliance

Report

Online e-filing

Retention &

archiving

External e-reporting

Audited financials/

regulated reportsConsolidation

TBD

Record

Tax

Data mgmt

Aggregate

Map

Report

Analyze

Warehouse

Teradata

Manual data

collection

Provision

Compliance — Intl

Compliance — Federal

Compliance — SALT

Real time Daily Quarterly & annually

Portal/Community site/Collaboration

Workflow Group Calendar Dashboard Document Mgmt Global tax filings

Tax workspace/Tax process management

Tax Workflow Tax Calendar Entity Mgmt Audit Mgmt Tax Process Docs

Forecast

Cognos TM1

120+

Gather, analyze and control

Efficient reportingIntegrated processesTax sensitized data

Page 22: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

29© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.29© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Use case

Tax analytics implementation

Page 23: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

30© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Tax analytics implementation

FillingReporting &

insights

Data

foundation

Data

collection

Client issue:A member firm client wants to expand the

usage of indirect tax data analytics by the

business in order to improve the indirect tax

processes within the local teams and the

global Shared Service Centers by

leveraging their current technology

investment in setting up an on premise

data lake.

Scope: 20 European countries/registrations

25 end-users (1 per country + 5 SSC)

10 ERP systems ranging from SAP,

Navision and JD Edwards

30 VAT & TP analytics

Extr

act

Tra

nsfo

rm L

oad

Common data model

Data

Qu

ali

ty C

hecks &

Reco

ncil

iati

on

s

Source data Tax C

om

pli

an

ce E

ng

ines

(co

mp

uta

tio

n a

nd

retu

rns)

Compliance

preparation

Electronic

filing

Client HANA data lake Client OneSource

SAP

SAP

SAP

SAP

NAV JDE

VAT

analytics

Transfer

pricing

Master data

checks

Client power BI

Page 24: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

31© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

How this solution streamlines the VAT compliance process

(Indirect) Tax data analytics & monitoring VAT compliance reporting

HANA — Tax data

warehouse

Real-time

A tempo review +

corrections in the

source system

Tax analytics

dashboards +

monitoring

Automated

Compliance

preparation

Local tax + Global taxTax authorities

Page 25: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

KPMG Digital Gateway

Page 26: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

34© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.34© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

KPMG Digital GatewayObjective: Create a harmonized, global digital platform

that puts tax technology solutions at client’s fingertips.

A single point of entry for clients

―A central landing page provides access to the technology services relevant to your

business

―Features key analytics that help you engage in tax discussion with leadership

―Provides a common user interface and single sign-on, built on the Microsoft Azure Cloud.

…with key enabling technology and integration across KPMG

applications

―Common elements are built in a way in which data is provided once and leveraged

across applications

―Both local member firm and global network applications may be accessed

―Data visualizations and reports are delivered in a consistent, compelling way.

Stay tuned for more….

Page 27: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

Questions?

Page 28: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

37© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.37© 2020 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no services to clients.

No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Q&A

Niren Saldanha

Partner

Tax Technology

KPMG In the US

Alexander Zegers

Director

Tax Technology

KPMG in the Netherlands

Reece Duncan

Senior Manager

Tax Technology

KPMG in the UK

Page 29: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

Thank you

Page 30: Data and Indirect Tax - KPMGA growing number of tax administrations around the world are using systems or SAF-T (Standard Audit File for Tax) reporting, financial data submission,

© 2020 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG

International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm

vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor

to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be

accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

The KPMG name and logo are registered trademarks or trademarks of KPMG International.

kpmg.com/socialmedia

Some or all of the services described herein may not be permissible

for KPMG audit clients and their affiliates or related entities