AI Tax

What we do
Other relevant services
AI Solution

Generative AI, the next generation of artificial intelligence, has the potential to be the most disruptive technology since the internet. The resulting changes will impact the data-intensive tax function sooner than most other areas. The skills and expertise of tax professionals combined with GenAI tools are a key success factor for the transformation of tax processes in the near future.

Generative AI: a paradigm shift in taxation

The areas of application of artificial intelligence to date have mainly been in automation, for example the recording and checking of VAT data from incoming invoices. Generative AI makes much more possible: based on pre-trained models, the use of appropriate tools makes it possible to create new content; thanks to its flexibility and speed, the technology is suitable for a far greater variety of use cases and thus opens new fields of application. It has the potential to increase efficiency and productivity, improve decision-making processes and develop innovative solutions for challenges in the tax sector.

Diverse use cases in the tax business

The range of possible applications tax domain is broad. GenAI makes it easy to utilise digital knowledge and data for everyday tasks. In addition to "generic" capabilities, proprietary data can be integrated to perform specialised tasks. Generative AI enables the automation of routine tasks and provides rapid access to extensive knowledge resources, allowing tax experts to focus more on value-adding and strategic activities.

Expected Gen AI benefits include:

Automate administrative tasks
Accelerate data analysis
Monitor risks in real time
Communicate strategic planning with clarity
Generate and validate tax documents

Mads Ambo Jylling

Senior Manager, Tax Transformation & Technology

KPMG Acor Tax in Denmark

mail
call

What we do

We unlock the future of tax by integrating Generative AI into everyday processes. Making room for better decisions and bigger impact.

Streamlining data capture, reconciliation and reporting, Gen AI utilizes automation to help reduce manual tasks and enhance human analysis, allowing tax teams to focus on more strategic initiatives. Bringing greater clarity and context to tax data, KPMG Digital Gateway Gen AI helps the tax function transform by:

Automating complex tax calculations and reconciliations to help reduce errors and enhance efficiencies.
Generating real-time narrative insights to support confident decision-making and ensure compliance transparency, with speed and accuracy.
Enhancing data processing workflows to free up teams to focus on risk management and forward planning as a strategic business enabler.

Precision, consistency and speed are table stakes when engaging with authorities on tax disputes across multiple jurisdictions. Streamlining tax controversy management by analyzing case data, aligning communications and tailoring responses for regulators, public and judicial officials, KPMG Digital Gateway Gen AI supports tax teams to help:

Enhance case preparation by analyzing and organizing relevant tax data with accuracy and speed.
Improve communications with tax authorities, tailoring responses to specific regulatory and legal contexts.
Ensure consistency across jurisdictions, aligning key messages and documentation to strengthen compliance throughout the process.

Navigating ever-changing tax regulations across cross-country borders is a constant challenge for large multinationals. By rapidly analyzing, translating and summarizing global tax developments, KPMG Digital Gateway Gen AI accelerates risk management with real-time access to accurate and critical information, helping tax functions:

Monitor global tax changes in real time to help ensure compliance and mitigate risk at all levels, with a centralized view.
Translate and summarize complex regulations to provide clear and actionable insights, at speed.
Enhance decision-making by delivering AI-powered risk analysis, tailored to specific jurisdictions.

Requiring deep analysis and clear communications, Gen AI helps uncovers hidden patterns in tax data, helping teams identify risks and opportunities that may go unnoticed by human analysts. Simplifying tax concepts to present strategies to a range of stakeholders with clarity and confidence, KPMG Digital Gateway Gen AI enables tax teams to:

Detect patterns and trends in tax data to uncover risks, reveal opportunities and optimize transactions.
Deepen decision-making with AI-driven insights tailored to complex tax scenarios, including situation-specific risks.
Empower stakeholder storytelling by translating intricate tax concepts into clear communications and actionable strategies.

Get in touch

Meet the Tax Transformation and Technology team

KPMG Digital Gateway GenAI

Empower your tax team with new possibilities

KPMG Digital Gateway Gen AI is a cloud-based platform designed to transform global tax operations. This leading digital solution helps tax professionals streamline data integration, deploy innovative AI assistants and collaborate seamlessly across regions - accessible to multinational users anywhere.

Automate routine tasks and simplify complex tax processes - including managing compliance, mitigating risk, navigating controversies and handling transactions - freeing your tax team to focus on strategic initiatives. Clients praise its straightforward setup and compatibility with existing workflows, driving efficiency and delivering better outcomes.

Stay ahead with continuous updates featuring the latest AI advancements and insights. KPMG Digital Gateway Gen AI offers powerful data analytics and visualizations, helping organizations adapt to regulatory changes, reimagine processes and experiment with scenario planning. Experience the future of tax with KPMG Digital Gateway Gen AI.

Learn more about our digital solution