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Recent Searches
In our fourth edition of the annual survey, we compiled responses from 140+ companies across 20+ industries on their tax transformation journey.
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Want to self-assess the current state of your tax function and understand how to future-proof it?
Key findings of the report are as follows:
- Impact of legislative reforms
- Changing role of tax function
- Talent demand and skills
- Data Management
- Optimal Tax Function
- Future-proofing
Impact of legislative reforms
A multitude of legislative and technological amendments have been introduced by the Indian Government to bring in more transparency and simplification.
While workload increases, budgets continue to be stretched and is increasingly getting diverted to more strategic/value-adding activities.
Changing role of tax function
In today’s evolving tax space, tax functions are assuming a critical position in driving business decisions.
Having identified the need for increased business collaboration as a key focus area, tax functions have also ranked “adding value to business” as their top challenge. Hence, it is critical to reimagine the current operating model to achieve the desired future state where tax function spends most of its time on value-added activities.
Talent demand and skills
The need for tax functions to carry specialized knowledge and in-depth expertise in all the domains is increasing in recent times. One person single-handedly specializing across all facets of tax does not seem realistic.
This clearly implies the need to reconsider talent strategy specifically in these times of ‘Great Resignation’.
Data Management
It is crucial for organizations to understand the importance of data management during all stages of data lifecycle
Thus, it is important that the tax functions move ahead of traditional methods, and stay one step ahead around how they collect, analyze, use, report, and store data.
Optimal Tax Function
Optimum utilization of three important components — people, processes, and technology are quintessential to be able to achieve an optimal tax function.
Future-proofing
Various approaches are being adopted to achieve a best-in-class tax function. Parameters, such as value creation, risk management, time and capital investment, resource availability, responsibility, institutionalization, transparency, and accountability, are to be kept in mind while choosing the best approach.
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20th Annual EY India Tax Workshop 2025
Register for India Tax Workshop 2025. Learn more about the tax function.
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How EY can help
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Transform your tax function with EY India AI Tax Hubenterprise-grade Agentic AI for Tax to enable faster research, automated compliance and smarter litigation management.
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Transform export-import operations with EY Global Trade Automation software, AI powered automation for customs and foreign trade policy compliances, duty savings, incentive optimization, logistics visibility and faster global trade decisions.
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Our Automated Corporate Tax Compliance Solution transforms and simplifies the entire spectrum of corporate tax processes and compliance for growth.
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Be part of a secure and fully automated GST Invoice Registration Portal (IRP) for a swift, simple, and secure e-invoice authentication.
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Tax Collected at Source automation solution enables businesses to gear up for the expanded TCS provisions regime by using technology.
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Ensure seamless GST compliance with EY DigiGST. Simplify GST reconciliation with our advanced GST compliance solution & tool for accurate tax reporting.
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Our digital tax transformation and tax technology practice in can help you navigate the digital agenda in the tax domain.
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EY Intelligent Automation solutions in Tax help businesses streamline tax processes, reduce risk, & improve compliance using innovative digital solutions.
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Agile Tax is a complete tax approach to address client's business transformation, enabled by SAP, provided by EY in India.
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Tax Data Analytics - Our big data analytics in tax services help you in new era of tax planning and tax compliance. Learn more about business data analytics in tax.
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DigiRev™ is an automated transfer pricing solution that streamlines documentation review to support intra-group services and royalty transactions effectively.
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EY Digi India Personal Tax™ is an online platform to manage individual and corporate taxes.
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EY DigiTDS is a cloud-based dividend withholding tax and TDS return solution that streamlines processes, boosts efficiency, and ensures tax compliance.
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