KPMG: Tax Function Assessment Report

In the world of tax transformation, one size doesn’t fit all...

In a world of rapid change characterized with a high dedication for ESG (Environmental, Social and Governmental) policies, tax transformation is also taking center stage with organizations and individuals moving away from the traditional tax services to a complete package of tax delivery and strategy. 

Due to the volumes of international transactions, coupled with digital commerce and online trading, tax authorities  around the globe are demanding more accountability, compliance, transparency and regular tax education. Regulators keep introducing new rules and regulations, advanced technologies and digitization that will enable them obtain insights into taxpayer's transactions. The COVID-19 pandemic in its effects changed the outlook of tax and now being connected is their new normal. The Ghana Revenue Authority for instance introduced the Tax  Payers Portal (TPP) as a means of ensuring timely filing of returns and electronical storing of data. The GRA also uses the Ghana.Gov payment platform for easy and convenient tax payment. Furthermore they have introduced the Certified Invoicing System all in the attempt to bridge the gap of tax transformation and technology. 

In the world of tax transformation, one size doesn’t fit all. For businesses, whether ready or not, the tax digitization  train is fast moving  and organizations must adapt  to keep pace with the reporting mandates, increasing technological demands and compliance to digitization and regulatory standards.

We at KPMG, believe that Tax services that focuses on vision, challenges, and operational priorities, whether it’s to deliver effective tax compliance, integrate technology to mitigate risk, leverage the power of data and analytics to harness revenues, or learn from peer-to-peer is a complete package to help businesses be better prepared for the changing tax landscape. Organized to help you navigate the rapid innovation in operations, harness the potential of data, and address the new and unprecedented challenges, risks and opportunities that come with change of this magnitude. 





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