Tax analytics

Problem Statement

There is a huge tax risk if we cannot deliver timely documentation to tax authorities explaining the kind of services which are charged. Due to the scattered responsibilities and no harmonised way of working Group Tax (GT) faces a lot of difficulties to have the proper documentation. Group Tax need to provide timely, proper and accurate documentation to tax authorities and consequently avoid non deductibility of costs.

Solution

To develop an interactive dashboard that allows users to access documentation and cost center information in order to minimize the tax risk. Using the tool Group Tax was able to provide timely, proper and accurate documentation to tax authorities and consequently avoid non deductibility of costs. Furthermore the dashboard helps in analyzing financial and non-financial data for tax purposes.

Impact

Delivered an interactive dashboard within two months that allows GT users to access documentation and cost center information in order to minimize the tax risk. Group Tax is now able to provide timely, proper and accurate documentation to tax authorities and consequently avoid non deductibility of costs. Furthermore this project will also help in analyzing financial and non-financial data for tax purposes.

Value

Annualized value > 10M Euro

The solution mitigates risks by providing critical information on finger tips during country tax discussions.