The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

Will the speed of the digital tax revolution leave you behind?

Digital is the future

The tax function is becoming more dynamic, comprehensive and challenging day by day. Technology has never been more important to your tax function than today.

Big data and data analytics, process automation and enterprise information systems are disrupting traditional business and creating such opportunities as process improvement and supply chain re-alignment. We are at the crux of the digital innovation, where companies require a wide range of innovative support, and EY is ready to help.

 

EY Tax Technology Solutions

DigiGST ®

EY - DigiGST®

An integrated market leading ASP-GSP solution, to help you meet all your GST compliance needs.

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DigiLiM+™

EY - DigiLiM+™

A dynamic workflow platform which allows digitization of information and documents relating to tax compliance, notices, audits and litigations.

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DigiRev™

EY - DigiRev™

An automated review solution powered by the latest technology for managing intra-group services and royalty transactions.

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EY Digi India Personal Tax™

EY - EY Digi India Personal Tax App™

An end-to-end tax compliance platform for individual tax filers.

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Tax and Finance Operate

EY - Tax and Finance Operate™

A ‘smart tax function’ for you with experienced people, seamless processes and technology.

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EY Tax Botathon

Impacting the modern day tax function

1

Legislative evolution

The pace at which the legislative environment is changing is fast and dynamic.
The need for data transparency is increasing, centred on the continuously evolving business landscape, e.g., CbCR, FATCA and GST etc.

2

Digitally led tax authorities

The Government is increasingly focusing on integration technology to drive tax compliances, e.g., GST.
There is an environmental push toward digitization across India, enabling digital as the new medium to deliver tax audits.

3

Need for agility

Businesses are adopting digital as the way of working. The tax function needs to be in alignment.
The speed at which businesses are reshaping today has reinforced the need for tax functions to adapt as well and be more agile.

4

Cost management

Tax functions are facing increasing pressure to reduce cost and inject predictability in operating budgets.

5

Technology enablers

Marquee tools are available in the market to propel tax as a function.
There is a growing acceptance of technology solutions among businesses.

 

Challenges concerning a tax professional

EY - Tax Technology and transformation

How will this enable your tax function?

People

EY - How will this enable your tax function?

– Subject-matter expertise across tax,
technology and sector
– Continuous access to relevant, real-time
insights
– Better resource value addition
– Increased governance across your tax
function

Process

EY - How will this enable your tax function?

– Added value in processing through efficient
utilization of time and effort
– Availability of structured data for review
and analysis
– Increased business agility
– End-to-end risk managed compliance

Technology

EY - How will this enable your tax function?

– Reduced people dependency
– No scope of error, leading to accurate
reports and dashboards
– Faster turnaround time on processes
– Cost optimizations with increased
efficiency and effectiveness

Outcome

EY - Cost efficient

Cost efficient

EY -Focus on value-added activities

Focus on value-added activities

EY - Reduced tax risks

Reduced tax risks

EY - Lower ETR

Lower ETR

EY - Stronger business partnership

Stronger business partnership

EY delivery models

Addressing challenges through People | Process | Technology

Comprehensive outsourcing

EY will take end-to-end ownership of your tax function while working with your CFO.

Co-sourcing

Specific processes that you see as pain points are outsourced to EY. This model deploys efficiencies beyond traditional tax outsourcing: You own the functions while we work on the “deliverables”.

Driving performance Improvements In-house

In this model, we will partner with you to help you drive an efficient tax function by embedding the right technology and analytics across your tax processes.

Managed tax services

As a solution...

EY - Managed Tax Service

Interlaced with...

Business interaction

Internal Coordination

Data management

Internal reporting


Lead to

Increased management time to focus on core competencies by EY handling the tax function

Strengthened tax-business partnership by EY being closer to business

Improved ETR by interlacing our tax expertise through the operating model

Reduced tax risk by leveraging the best in class people, process and technology


Understanding the functionalities:

  • Managed tax services model essentially means outsourcing the tax processes to EY, as:
    • Comprehensive Outsourcing of the tax function
    • Co-sourcing where specific pieces are outsourced
  • Based on your business needs, EY will map the operating model
  • If necessary, EY will willingly undertake people transfer
  • Our focus is to transform your tax function from improved results
  • The selected operating model will be governed mutually agreed service levels.
  • While EY has traditionally assisted you with specific deliverables, such as; tax returns, tax authority representation etc.

As part of Managed Services EY takes a larger responsibility of handling your tax function including data management, internal co-ordination etc.

Why EY?

We bring with us

SMEs | Insights | Skillsets

• #1 Tax team
•Technology experts
•Process experts

Best-in-class processes

• Leveraging past experience
• Utilizing sectoral expertise
• Mitigating business and tax functions

Technology | Analytics | Automation

• Infused from record to reporting
• Enabling accuracy and time efficiency
• Optimizing cost

Our Tax Technology team

EY - Venkatesh Narayan

Venkatesh Narayan
National Leader,
Tax Technology and Transformation,
EY India
+91 1246121186

EY - Garima Pande

Garima Pande
Partner and National Leader,
Business Tax Services,
EY India
+91 1246714943
LinkedIn

EY - Rahul Patni

Rahul Patni
Partner and National Leader,
Digital Tax,
EY India
+91 2261921544
LinkedIn

EY - Sameer Prakash

Sameer Prakash
Partner,
Tax Technology and Transformation,
EY India
+91 1244432210

EY - Jitesh Bansal

Jitesh Bansal
Partner and National Leader,
Tax and Finance Operate,
EY India
+91 8067275303
LinkedIn