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Reduce the cost of delivery

The tax function is under constant pressure to deliver more with less. Internal cost pressures and the demand for greater business insights against the backdrop of meeting increasing tax compliance demands in shorter time frames is resulting in the need for tax functions to chart a course of continuous improvement making the most of the latest technology developments.

Have confidence and certainty over compliance

Many companies are rethinking their approach to domestic and global compliance and reporting by taking a closer look at their technology, processes, resources, and service providers. Leading tax functions are using co-sourcing/outsourcing as a critical component of Tax function strategy, and as a means to better align Tax function investments and use of talent with organisational goals.

Manage tax risk and implement robust tax governance to increase transparency and trust

Tax authorities and other stakeholders expect Tax functions to be able to demonstrate, with evidence, that they have operated in an effective and efficient way. They must be able to show, often via a formalised tax control framework and testing programme, that tax risk is mitigated to an acceptable level and tax opportunities have been taken in line with the organisation’s overall attitude to reputational and compliance risk.

DAC6 / EUMDR

From 25 June 2018 certain cross-border transactions need to be reported to the tax authorities. PwC can help you understand the new rules and assist you in meeting your reporting obligations.