Register here for ITR and KPMG China’s webinar: Tax management digitalisation challenges for enterprises in China.
In 2021, the Chinese government issued ‘Opinions on Further Deepening the Reform of Tax Collection and Administration’, which set up the tax administration development blueprint for the next five years. The key objective of the blueprint is to build up the advanced 'intelligent taxation' tax supervision system via digital upgrading and intelligent transformation.
Specifically, the tax authorities would build up the Golden Tax project Phase IV, fully digitised E-invoices, the new generation of the Electronic Taxation Bureau and a risk decision-making platform, together with optimisation on Supervision and Administration mechanism to strengthen risk supervision and improve the supervision’s accuracy and efficiency for the tax payers.
Against this backdrop, enterprises operating in China are facing increasing challenges and therefore advancing the digital transformation of their tax management.
To help enterprises address these challenges, the KPMG Tax Technology Client Solutions (TTCS) team has self-developed a tax system named KPMG KeyTax Platform (KeyTax) and built a comprehensive solution via KeyTax together with our ability on tax advisory and product design to help the clients advance tax digital transformation.
KeyTax is a piece of professional tax management software, which can support the management of multinational organisations and masses of users for large-scale enterprises. The function of KeyTax is to facilitate user’s automation of tax management with the main functions of tax basic information management, tax base management, calculation of the tax provision in the financial statement, preparation of the tax returns, tax risk management, tax statistical analysis, etc.
In this session, KPMG experts will share their insights on KeyTax and tax digitalisation developments and how to help enterprises promote their tax digitalisation.
Sign up now to hear from the experts how digitalising your tax can boost your business in China.
