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Geotab and KPMG Australia announce alliance

The alliance coincides with a favourable ATO Product Ruling. Image: Geotab.

Geotab and KPMG Australia have announced a new alliance enabling KPMG’s clients to access Geotab technology, which will help KPMG expand its comprehensive fleet solution offering.

A key example is KPMG’s FTC Automator, which analyses vast amounts of data at speed and scale, and harnesses proprietary geo‐spatial analytics to process this data, before feeding it into the tax engine to produce Fuel Tax Credit (FTC) entitlement calculations.

The alliance coincides with a favourable ATO Product Ruling that ensures certainty over the tax implications of using the FTC Automator. Product rulings are important as they provide taxpayers with protection against penalty should the ATO subsequently dispute a claim made using the technology.

“KPMG Australia’s FTC Automator, now backed by an ATO Product Ruling, is a very welcome and timely addition to the Geotab ecosystem and we look forward to partnering with KPMG’s tax technology experts to develop additional, new solutions in the ever‐evolving fleet space,” says David Brown, Geotab’s AVP Sales – APAC.

“Beyond tax, the telematics data KPMG can harness for its clients using Geotab will enable it to provide sector insights and industry‐peer comparisons on several key metrics such as Co2 emissions, fleet utilisation and various others relating to safety.”

The technology helps organisations calculate their entitlements for credits on fuel excise, which apply to fuel used in plant, equipment, heavy vehicles, and light vehicles (when not used on non‐public roads). (PR 2024/1 | Legal database (ato.gov.au)

“This is a direct response to market demand for a product that has undergone ATO review and testing ahead of its release of a formal, publicly available ruling,” says KPMG Australia’s National Leader for Workforce & Innovation, and Tax & Legal’s Chief Technology Officer, David P Sofrà.

“The ATO Product Ruling sets out the Fuel Tax Credit consequences for KPMG Australia clients using Geotab to calculate their FTC entitlement using KPMG’s proprietary FTC Automator solution.

The FTC Automator is also able to surface important insights on safety, carbon emissions, fleet optimisation, as well as how viable it is for some, or all, of an organisation’s fleet to be electrified.

For more information on Geotab, click here.

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