A KPMG smartphone application is now available for download, giving users first-hand insights on tax issues in any country in the world, as well as professional analysis and reports prepared by KPMG. KPMG Digital Economy Tax Tracker runs on iOS and Android, as well.
Developed by KPMG Global Services Hungary Ltd., KPMG Digital Economy Tax Tracker provides up-to-date news and jurisdictional information on any tax issues that may be relevant to the digitizing economy, focusing on sales taxes for the time being. Due to digitalization trends, the rules for levying and collecting sales taxes are much less clear today than they were just a few years ago, a press release by the company notes.
Newer and newer tax requirements try to ensure that the tax is collected at the place of consumption, but the related details are difficult for clients to follow. This is especially true for those involved in international trade of digital and virtual goods. Moreover, not only the tax requirements change, but also the amount and regularity of the data required to be provided by taxpayers.
Policy makers are constantly adopting new measures to give tax authorities access to taxpayers' transactional data. This has many practical and regulatory implications in which users will be helped as they navigate the KPMG mobile app.
In addition to processing daily news and regulatory announcements, KPMG Digital Economy Tax Tracker also provides readers with a number of theoretical analytical articles. Thus, not only corporate players and their accountants, but also auditors and other interested parties are encouraged to download the app.
When you open the app, a clean and easy-to-use interface is the first to get the latest news, but you can also access the longer KPMG reports from the KPMG Global Tax Advisor Network under the articles menu.
The most exciting menu item is the ‘Jurisdiction-specific information’ where you can access a dynamic database of 52 countries around the world. Those who need specific advice or personal advice can find the direct contact of their current KPMG consultant in the extensive Contacts menu.
While in the past, all consultancy companies were trying to guard information, analytics, and access to it only for their employees as crown diamonds, the digitizing service environment requires a new approach. Developed as part of KPMG's Global Digital Economy Initiative, the application is another example of sharing valuable market information as well as building relationships and communities for the benefit of both customers and service providers, the press release concludes.