Building a tax function fit for the future

KPMG in Romania’s Tax Transformation services help companies to proactively design and build how they deliver tax requirements in a world where what they need to deliver is ever changing.

We are helping companies to design leading tax functions with a focus on people, process, technology, and governance, while also seeking to address tax risk, reputation, and compliance.

Why transform?

The world is evolving and digitizing at pace and tax functions need to transform to keep up. The environment tax leaders operate in has dramatically changed. Economic uncertainty is pressuring companies to cut costs and drive efficiencies; and tax authorities continue to innovate how they administer and collect tax using technology and data.

Frequently seen triggers for Tax Transformation can include:

End-to-end operations or finance transformation.
New legislative and/or regulatory requirements such as real-time reporting or e-invoicing.
ERP system changes.
Internal and/or external audit findings.
Changes in key tax or finance personnel.
Budget pressures.
Mergers and acquisitions activity.

How KPMG in Romania can help

Tax Transformation starts with a clear tax vision and strategy aligned to the business objectives of the wider organization. Our approach can help you to design and implement a leading tax operating model to enable you to realize value while you manage tax risk, reputation, and compliance.

Using our Powered Tax methodology, KPMG in Romania's Tax Transformation teams can help tackle these challenges focusing on the following key areas:

Governance

What is your strategy and how do you implement it?

Performace insight and data

How does your team and performance compare to competitors and what decision can this inform?

Technology

How can technology be used to underpin your strategy and improve efficiency and control?

Functional Process

How can you optimize, standardize and integrate your process?

People

How do you structure your team to meet tax rules efficiently and effectively?

Service delivery model

What is the best delivery model to support the organizations overall strategy and ensure compliance?

KPMG in Romania's Tax Transformation services professionals help organizations actively contribute to finance transformation projects so that tax requirements are built in and tax is positioned as an enabler. We can streamline processes and help design a sourcing model which suits business objectives and wider organizational goals across the whole spectrum of outsourcing, in-sourcing and, co-sourcing.

We can help organizations verify that existing finance and/or enterprise resource planning (ERP) systems are properly tax sensitized to provide standardized tax determination and reporting functionality across the business, as well as put in place tools to help Country-by-Country reporting requirements to be met effectively as well as to enable informed strategic decisions to be made and performance to be improved.