Tax Technology & Data Analytics

Enabling the Tax Function of the future

Featured - 2 items

Tax Disruption

Are you ready for the digital world of tax?

Beyond Excel

Why risk spreadsheets in a world of integrated tax technology?

Going digital?

Today’s tax environment is often strangely disconnected: On the one hand, tax specialists use smart phones, social media and ERP systems both privately and professionally. On the other hand, most tax functions still rely heavily on Excel spreadsheets. Highly skilled tax specialists spend half their time or more with manual data cleansing, aggregation and manipulation.

PwC predicts that in the near future, the majority of tax functions will rely on professional data analysis tools to assist in the decision-making process in areas such as risk detection, planning and overall business support.

Our expertise

We help our clients with efficient technology solutions to reduce cost and help transform their tax functions into modern efficient business enablers. We are extremely familiar with both tax and technology and can serve as your one-stop-shop for everything related to tax technology.

Set-up for Tax Technology
Development & implementation of software
Analytics & usage of tools
Optimisation of technological environment
Tax Strategy
Tax Control Framework
Tax Risk Management
Tax Transparency

Set-up for Tax Technology

Many tax functions find it difficult to define the right technology strategy. Likewise, they lack often an overview of the tax technology available today.

How we can help

Preparation and review of strategy, policies, manuals and guidelines
PwC market intelligence on vendors active in the market and their solutions
Reviewing business need
Organising and supporting selection process
Assistance with selection criteria

Development & implementation of software

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”.

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

Analytics & usage of tools

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

Optimisation of technological environment

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

Tax Strategy

The fundamentals balancing the myriad of tasks in the Tax Function should take into account your risk appetite, what are the focus areas 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

Tax Control Framework

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.

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

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

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 tax technology products

Smart Business Insight Suite

Transform your tax control and risk management processes with Smart Business Insight Suite.

Tax Advanced Data Analytics

Stay aware, compliant and in control of your data.

Indirect Tax Risk Insights

Want to get even more out of SAP’s Indirect Tax capabilities?

DAC6 Smart Reporting

Our tool helps you to meet the new mandatory disclosure rules.

Customs Classification Service

A new AI based tool to help importers and exporters classify goods for customs more effectively.

Business Intelligence & Analytics

Unlock the full potential of BI to accelerate business value by turning raw data into remarkable outcomes.

Want to discuss Tax Technology with us?

Let one of our experts contact you!

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Contact us

Christoph Schärer

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

Tel: +41 58 792 42 82

Jochen Richner

Director, Tax Technology Leader, PwC Switzerland

Tel: +41 58 792 57 55

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Tax Technology & Data Analytics

Featured - 2 items

Tax Disruption

Beyond Excel

Going digital?