AI for Tax Function

Discover the future of Corporate Tax Functions with Generative AI

Fatih Sahin
Director, AI & Data Leader Tax & Legal Services, PwC Switzerland

The world of taxation is experiencing a ground-breaking transformation with the integration of artificial intelligence (AI). Instead of being a disruptor AI has proven itself to be a valuable ally, enhancing capabilities and streamlining processes like never before. 

AI is no longer a distant, futuristic concept. It is now a reality which is actively reshaping the landscape of corporate tax departments. Here are some ways in which AI is revolutionising taxation and tax practices.

  • Tax research and analysis – AI tools are increasingly being used for efficient tax research and analysis. These tools can sift through and analyse vast volumes of tax codes, regulations and fiscal texts, saving significant time and effort. 
  • Tax return review and management – AI can automate the tedious task of tax return review and management. Tools equipped with machine learning can interpret and analyse tax return language, flag discrepancies, track compliance and even predict potential audit outcomes based on existing tax return data. 
  • Audit readiness – AI tools can automate and streamline audit readiness processes by efficiently processing large amounts of financial data, identifying potential issues and ensuring accuracy and thoroughness. 
  • Document automation – AI can automate the creation of standard tax documents such as tax returns, withholding tax certificates and receipts, thereby saving time and reducing the potential for human error. 
  • Tax chatbots – AI-powered chatbots can provide basic tax guidance, answer common tax-related queries and assist with preliminary document review, making tax assistance more accessible. 

These applications of AI are just the tip of the iceberg. As AI technology advances, the possibilities for its integration within the corporate tax sector become endless. Embracing AI in corporate tax departments is no longer an option; it’s an essential step towards driving efficiency, reducing costs and delivering superior service. 

Whether you are a tax professional aiming to stay ahead of the curve, a tax technologist exploring the potential of AI or a curious mind intrigued by the fusion of AI and taxation, understanding these transformative impacts of AI is paramount. The shift to AI-assisted tax practices is happening right here and right now, defining our present and shaping the future of corporate taxation.

If you’re interested in learning more about how AI can be used in corporate tax departments, please join our upcoming webinar (Tuesday, 26 September 2023).

To the webinar


Contact us

Christoph Schärer

Christoph Schärer

Tax and Legal Innovation, Transformation & Disruption Leader, PwC Switzerland

Tel: +41 58 792 42 82

Fatih Sahin

Fatih Sahin

Director, AI & Data Leader Tax & Legal Services, PwC Switzerland

Tel: +41 58 792 48 28