Tax Technology

Development, implementation or customisation of software

Your challenge

Tax technology tends to be slightly more complicated than an office suite – its implementation typically requires some level of customisation, even if you go for a “standard solution”. In addition, true efficiency requires well designed interfaces.

How we can help

• Building of business case
• Implementation of standard tax technology solutions
• Design, prototyping and programming of custom solutions
• Connectivity between different systems, e.g. tax and accounting
• Testing and validation
• User support
• Consulting regarding legal aspects, such as data privacy legislation

Our subject matter expert

Jochen Richner
Director, Tax Technology
+41 79 335 63 81 | E-mail

Analytics & usage of tools

Your challenge

On the one side, analytics enables you to understand whether your data reflects your business correctly – in real time. On the other side, it is about staying ahead – understanding your data at least as well as the authorities.

How we can help

• Support in data extraction
• Improvement of data consistency and efficiency
• Mapping of processes
• Reconciliation of data in various system
• Identification of trends and patterns
• Super- and end-user training
• Preparation and review of documentation

Subject matter expert

Jochen Richner
Director, Tax Technology
+41 79 335 63 81 | E-mail

Optimisation of technological environment

Your challenge

Like any piece of technology, over its useful life, tax technology requires optimisation and maintenance.

How we can help

• Speed, precision and cost optimisation
• Review and audit of:
• Tax processes, e.g. the compliance cycle from tax provisioning to tax return filing
• Tax-related systems, e.g. evaluation of input VAT deduction calculation software
• E-invoicing and e-archiving systems
• System migrations

Our subject matter expert

Jochen Richner
Director, Tax Technology
+41 79 335 63 81 | E-mail

Tax Strategy

Your challenge

Whilst there is an increase in number of stakeholders (some even demanding publication of your tax strategy, as seen in the UK), you struggle to do more with less. The fundamentals balancing the myriad of tasks in the Tax Function should take into account your risk appetite, what are the focus areas (tax planning, tax compliance and risk management) and signed off by the Board.

How we can help

• Support on review or definition of a Tax Strategy and Tax Policies (e.g. roles and responsibilities within in the Tax Function)
• Support in the communication of taxes in general and specially on Tax Strategy with Board/Senior Management
• Analyse whatever perception or substantive gaps exist between stated core values and overall tax strategy and disclosures
• Check consistency between communication strategies, e.g. if the business is publishing their sustainability strategy, we help them understand how it could impact their tax strategy
• Assistance with definition of a business case to transform the Tax Function

Our subject matter expert

Jochen Richner
Director, Tax Technology
+41 79 335 63 81 | E-mail

Tax Control Framework

Your challenge

Companies want to know or achieve their desired levels of maturity but struggle in the implementation for achieving desired state or communicating this to key stakeholders of the tax function. The emphasis on tax control frameworks is gaining momentum globally (e.g. the company’s risk-assessment score in Australia, horizontal monitoring in the Netherlands and the Senior Accounting Officer regime in the UK).

How we can help

• Maturity assessment of the Tax Function (Tax Maturity Management Model – T3M)
• Structuring the Tax Function
• Review, design and amendment of the Group’s Tax Control Framework
• Implementation of the Group’s Tax Control Framework

Our subject matter expert

Jochen Richner
Director, Tax Technology
+41 79 335 63 81 | E-mail

Tax Risk Management

Businesses have no clear or a well established Tax Risk Management Framework. Therefore identifying where do key tax exposures are or might arise, how to address and monitor them and how to develop a response is still a challenge.

How we can help

• Enhancement to better deliver the agreed tax strategy, ensuring that processes and controls enable tax risks to be managed.
• Review or definition of questionnaires
• Review of risk assessment
• Support in the collection and presentation of risk inventory (TRaC Tool)
• Documentation of tax risks and tax risk management process

Our subject matter expert

Jochen Richner
Director, Tax Technology
+41 79 335 63 81 | E-mail

Tax Transparency

Public debate and scrutiny of tax is often misinformed and exclusively focused on corporation tax. It is necessary now more than ever to raise awareness of other taxes, such as industry-specific taxes and other contributions made to the public finances.

How we can help:

• Support on the quantification on the totality of taxes paid and collected, including wider economic footprint, under the PwC Total Tax Contribution methodology.
• Tax Transparency and Effective Tax Rate Benchmarking
• Total Impact Measurement and Management (TIMM)
• Crosscountry study with TTC Modelling
• Tax Rulings Exchange support

Our subject matter expert

Jochen Richner
Director, Tax Technology
+41 79 335 63 81 | E-mail