KPMG has released VAT/GST software to help banks and companies with large property portfolios calculate partial VAT exemptions more quickly.
With tax authorities increasingly focused on indirect tax compliance and additional regulatory burdens being placed on partly exempt taxpayers, more time and effort is required to evidence the accuracy and completeness of the numbers in the partial exemption calculations and subsequent VAT/GST (Goods and Services Tax) return, KPMG said.
The software calculates...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.