Your situation and challenges
The tax function in your company must respond to constant changes. Legal requirements as well as the demands of management, markets and investors are typical drivers for such changes. Further influencing factors can be found next:
- Globalization of companies
- Automation and standardization
- Changes in tax law
- Strict handling of deadlines for submitting tax filings
- Comprehensive risk management
- Complexity of transactions and departments
Local and global organizations must strike a balance by achieving the right control through risk mitigation, visibility and consistent quality, and the right efficiency across processes and systems, while creating the right value for the business at a lower cost. Companies that get this right and maintain it are able to see their investments in their tax function as truly beneficial.
Furthermore, companies in all industries are often engaged in transformation initiatives characterised by expansion into emerging markets and the establishment of Shared Service Centres. The constant drive for efficiency and cost reduction forces you to focus on your most important business processes. Preparing and filing tax returns should thus not become a priority on your agenda. Especially because it entails certain risks, such as late filing of the Corporate Income Tax returns or missing of other deadlines, resulting in non-compliance with a given tax obligation or even unwelcomed penalties.
Our network of Business Tax Compliance professionals can help you prepare, manage and execute tax returns and all type of tax compliance declarations in this changing legal environment. We help you to stay compliant with all these changes.