Tax management consulting

In an increasingly demanding global environment, managing tax responsibilities and planning for tax issues is becoming more complex. With tax technical, technology, and consulting experience, Deloitte helps businesses meet the challenges of multi-jurisdictional tax operations, including compliance, reporting and risk management for direct and indirect taxes. We help clients transform processes and technology to enhance efficiencies, align data, and improve transparency from ERP systems all the way through the reporting and documentation process. This allows more time for tax planning and value-added activities.

Our services include:

• Tax accounting and reporting
• Global compliance outsourcing
• Risk, strategy and operations
• Tax-enabled enterprise resource planning (ERP)
• Compliance process automation
• Tax data analytics

Tax accounting and reporting  

Overreliance on spreadsheets, outdated technology, and lack of integration between tax and finance systems hamper tax departments’ ability to obtain and analyse the data they need for timely and accurate tax accounting and reporting. Deloitte provides tax application consulting related to the selection and implementation of software supporting financial accounting for tax (provision) for global and local financial operations. We help tax departments with tax accounting and reporting processes, provision-to-return reconciliations, mitigation, and process improvement to correct or avoid material weaknesses and significant deficiencies. In addition, we advise on tax policies and procedures as well as technical aspects related to provision and the review of internal controls to enhance governance and address compliance and reporting risk. We can develop management reporting desktops and tax database repositories.

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Global compliance outsourcing  

Organisations with operations in multiple jurisdictions face tremendous challenges in keeping pace with each jurisdiction’s tax and accounting laws. For this reason, they often turn to Deloitte for global and local tax outsourcing of direct and indirect tax compliance, as well as statutory accounting and report processing. With shared services and data management skills, our Pan European Compliance Centre, which is based in Brussels, can support local, near shore and offshore compliance activities, covering 33 countries. The European Compliance Centre covers all compliance related activities, also assisting in special situations, such as post-merger integration, shared services centres creation, Pan European process, procedures and risk reviews which require substantial system, process and technology support in addition to the potential outsourcing of tax compliance.

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Risk, strategy and operations  

Risk intelligent tax departments integrate business strategy and risk management into their operations. Deloitte helps organisations’ tax departments align tax operations to the business strategy, often in conjunction with their finance transformation efforts. Services include evaluation of organisational models, roles and responsibilities; skills assessment; performance measurement; and analysis of governance and controls within a tax department. We also assist with the integration of processes among tax planning, tax compliance and tax audit, which can include determining whether appropriate key performance indicators for performance management are in place.

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Tax-enabled enterprise resource planning (ERP) 

Integration of tax data requirements into enterprise resource planning (ERP) systems is increasingly critical for tax departments to operate effectively, improve the control over tax data, mitigate risks and increase efficiency in tax relevant processes. EPR systems can only become tax efficient if tax is part of the vision and design phase during an implementation or system upgrade. With tax technical and technology experience, we help organisations tax enable their ERP systems, based on the data and information requirements for the entire record-to-report cycle for tax. Our consulting encompasses direct and indirect tax requirements related to the recording of taxes, compliance matters, data retention, tax audits and control prioritisation.

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Compliance process automation 

Tax departments face significant resource constraints, requiring an increased focus on efficiency and effective use of software and technology to streamline their compliance process. Our team consults on design, vendor selection, and implementation of diverse reporting software and organisational improvements such as e-invoicing and self billing for both direct and indirect taxes. Services include integrating software and technology through the entire record-to-report business cycle for tax. Solutions include enterprise systems, middleware, tax applications and management reporting dashboards.

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Tax data analytics 

Tax information is increasingly important to management’s ability to plan and forecast. Our Tax Management Consulting team can help your organisation leverage data analytics for tax and assess the data and information required to support these efforts. In addition, we can help your organisation gain insights into past tax performance and on how tax technologies, applications, and leading practices can help your tax department plan and execute tax strategy more effectively.

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Contacts

André Claes
Partner Tax
aclaes@deloitte.com