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Tax technology
We have a dedicated Tax Technology practice that helps clients enhance their operational efficiency by harnessing digital products and solutions. Our products facilitate efficient centralised tax function management within a group, thereby providing more effective control over tax risks and tax reporting. We are eager to provide you support via:
Arrangements Reporting Tool
This system enables automated DAC6 reporting of transactions to tax authorities in EU member states. The DAC6 directive reporting is automatically filed for various jurisdictions using the appropriate templates of those jurisdictions, which saves time on management reviews, minimises inaccuracies, and mitigates the human error factor.BEPS Automation Tool
This solution automates CbC reporting processes and analyses CbC report data according to BEPS 11 indicators and OECD guidelines for effective tax risk assessment. A centralised approach to reporting ensures transparency across the jurisdiction. This reduces the time required for report generation, mitigates the risk of internal errors during reconciliation, and helps avoid inaccurate tax documentation.Tax On
This tool is geared towards effective tax administration for a group of companies and focuses on addressing operational tasks to ensure compliance with tax reporting and tax payment deadlines. Tax On helps organise the centralised monitoring of key tax indicator changes, and also generates analytical reports for management decision-making purposes. Management will be able to obtain an up-to-date overall picture across the group of companies, that is monitor the real-time status of all tax liabilities, and reduce the number of overdue tax returns, payments, and penalties.SMART
This system allows employees to set clear, realistic, and attainable professional development goals to boost staff performance and efficiency. It is user-friendly and fast: goals can be discussed and approved in real time. The implementation of SMART digitalises the process of supporting employee development and enhances the delivery of results and personal growth by systematising quality and compliance metrics and reducing the human error factor in personnel evaluations.The list is subject to further enlargement.
Developing corporate data warehouses that ensure:
- Data consolidation from different sources, data filtering, and centralised storage.
- Maintaining data quality, configuring relationships and dependencies, checking data consistency.
- Delimitation and control of data access rights.
- Data processing and its visual display in the form of reports/diagrams. A corporate data warehouse can be used for tax accounting automation, management reporting generation etc.
Developing web applications
Web applications combine ease of use with scalability, security, and the option to integrate with any third-party systems (SAP, OeBS, etc.) We can create a clickable layout, develop ToR and the application itself, help integrate it with source systems, deploy the application, and further support it.
Risk & Process Control Platform (example of a tailored IT solution)
This system is designed to manage tax risks and control procedures. It enables the internal control system (ICS) establishment in a company, and its implementation facilitates well-documented processes, the standardisation and optimisation of control procedures, segregation of duties (SoD), and system access control.
CFC Reporting (example of a tailored IT solution)
This tool automates the reporting process on controlled foreign companies, including the collection, storage, and generation of reports in XLSX and XML formats. The input data on all companies in all countries of the group’s presence are consolidated into a single IT solution interface, while transparency and manageability is enhanced via automated CFC reporting.
