The calculation of tax provisions is an essential part of the annual financial statements and reflects future tax obligations arising from a company’s business activities. The required data originates from ERP and other systems and is also relevant for other reporting requirements such as minimum tax (Pillar II), country-by-country reporting (CbCR) or public CbCR. They are also often the basis for preparing tax returns and e-balance sheets.
However, for many companies, manual tax calculations lead to redundancies, interface losses, an increased risk of errors and other challenges.
A workflow-optimised, transparent and automated reporting and declaration process creates freedom and ensures an efficient, digital tax lifecycle – from tax accruals to declarations and audits.
KPMG AG Wirtschaftsprüfungsgesellschaft
Advantages of technological solutions
- Efficient use of resources
- Clear responsibilities
- Optimised processes
- Reduction of manual activities
- Error avoidance
- Time and cost savings
How we support you
We provide you with comprehensive advice on the design of your reporting and declaration process and the selection of suitable technology. The focus here is on minimising data and system breaks, developing an integrated and, where possible, automated tax return and the availability of data for other tax tasks.
Our consulting approach
Optional Phase 0: Vendor Selection
Support in the selection of the software co-operation partner and tools.
Phase 1: Workshop on data flow and processes
- Analysis of the current data flows
- processes and definition of target processes and interfaces.
Phase 2: Kick-off and project management
- Project start with organisation
- Coordination of the procedure
- meetings
- Documentation
Phase 3: Technical and IT concept
- Definition of responsibilities, user rights and master data
- Conceptual preparation and technical design of tax reports, data mapping, special issues, validations and the dispatch of tax returns, including a written technical concept.
Phase 4: Implementation and testing
- Setting up master data and interfaces
- Implementation of data migration for tax reporting and tax balance sheet for previous year’s period
- Testing the functions
- Creation of a written test concept.
- Creation of training documents
- Realisation of key user and user training courses.
- Support and hotline assistance during the first application phase (go-live).
Webcasts on the topic
Webcast – Tax Reimagined: Innovative solutions for the challenges of Pillar 2 and tax accounting
This edition focused on the challenges that the implementation of Pillar 2 poses for companies and how these make it necessary to optimise tax processes.
Webcast – Transfer Pricing Insights: Country-by-country reporting in the focus of Pillar 2 and EU Public CbCR
The webcast provides in-depth insights into the key regulations of country-by-country tax reporting. Learn more about the additional requirements that must be met in order for companies to benefit from these reports under Pillar 2 and the EU Public CbCR rules.
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Tax Transformation
The governance function of the future: integrating regulation, technology and organisation.
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Smart Digital Tax
Agile solutions for your tax issues
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- KPMG und Lucanet
- Tax Transformation DL
- Smart Digital Tax
Your contact
Sabine Kusch
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