Tax Compliance Jobs

Market context

Tax Compliance involves ensuring individuals and organizations meet their tax obligations by preparing and filing accurate tax returns, statements, and other documentation with tax authorities on time. This specialism focuses on the accurate interpretation and application of tax laws to report taxable income, deductions, credits, and liabilities.

Globally, tax compliance encompasses a wide range of taxes. In the US, this includes federal income tax (IRS forms 1120, 1065, 1040), state income tax, and SALT / Sales & Use Tax filings (e.g., California sales tax returns, New York sales and use tax) handled by various state revenue departments. In the UK and EU, focus is heavily on VAT / indirect tax compliance, including quarterly or monthly VAT returns (e.g., MTD for VAT in the UK, various country-specific VAT declarations in the EU) submitted to HMRC or national tax authorities. India, Australia, and Singapore have Goods and Services Tax (GST) regimes with specific filing requirements (e.g., GSTR-3B in India, BAS in Australia). LATAM countries utilize IVA (Impuesto al Valor Agregado) with varying rates (e.g., 16% in Mexico, up to 21% in Argentina) and specific declaration formats.

Regulatory timeline

• 2023-01-01India GST Council's decisions on rate changes and compliance relaxationsImplemented
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• 2022-12-08EU VAT in the Digital Age (ViDA) ProposalProposed
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• 2022-04-01UK Making Tax Digital for VAT Expansion Phase 1 (businesses with taxable turnover below £85,000)Implemented
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Skills & tools