The tax area is constantly changing due to digitalization and increased demands for global transparency. This places new demands on modern tax departments. The need to streamline processes, handle regulatory changes, and make data-driven decisions is greater than ever.
Our advisory service, Tax Technology Consulting, helps you to use technology to streamline your tax processes and maximize efficiency within the tax area. With the help of smart tools and skilled expertise we can optimize your tax function and create a data-driven workplace.
Benefits of modern tax technology:
- More efficient processes: Automate manual tasks and free up time for strategic work.
- Reduced risk: Reduce the risk of errors and improve regulatory compliance.
- Better decision-making: Gain valuable insights from your tax data.
- Increased control: Get a transparent overview of your tax situation.
Strategies and solutions for tax function transformation
Effective transformation of the tax function is not just about rethinking old processes and introducing new technology. It starts with defining a vision for the tax function that is tailored to your organization's capacity and strategic goals. KPMG has the expert tax knowledge and technical experience to help you make the right decisions – from determining which functions to outsource to implementing innovative tax technology to improve performance. For example, integrating the tax function and its requirements in your ERP system as well as utilizing data analytics for tax and evaluating data and information being produced are becoming increasingly important for tax departments to function efficiently.
We help your tax function take full advantage of your organization's ERP system and ensure efficient data collection and streamlined tax processes. We also guide you in data management, document management, and how to best prioritize internal controls. Making data-driven decisions is crucial for a modern tax function. We will help you develop a strategy for data-driven work. Our experts analyze your tax data and provide you with valuable insights that can be used to improve tax planning, forecasts, and compliance. We also show you how leading tax technologies and applications can help you optimize your tax management.
Our services in tax technology consulting:
- Strategic advice: We help you develop a tax technology plan that is tailored to your needs and future goals.
- System selection and implementation: We help you choose the right tax tools and integrate them into your existing systems.
- Data analysis and reporting: We help you transform your tax data into valuable insights.
- Process optimization: We help you streamline your tax processes with the help of technology.
Contact us today to find out more about how KPMG Tax Transformation can help you with modern tax technology.
Explore our solutions
The demands for transfer pricing documentation are increasing globally, making the process for corporations with many subsidiaries time-consuming and complex. KPMG TPAD offers an automated solution that streamlines your documentation, saves time and costs, and minimizes the risk of manual errors.
Benefits of KPMG TPAD:
- Optimize the documentation process: Create Local Files for multiple entities simultaneously using templates and automation.
- Minimize manual errors: Automation reduces the risk of errors when handling large data volumes.
- Improve efficiency: Free up valuable resources through a faster and more efficient documentation process.
Case Study:
A building materials manufacturer with over 30 entities needed to streamline its transfer pricing documentation. Previously, the process was handled locally with high costs and lack of consistency. By centralizing the process and using KPMG TPAD, they achieved significant savings and improved consistency in their documentation.
Read more and download the product sheet here.
Contact us today to discuss how KPMG TPAD can help you optimize your transfer pricing documentation.
KPMG Digital Gateway is an innovative, cloud-based platform that gives you full control over your tax and legal processes and provides access to all our expertise in one place. The platform consolidates KPMG's tax and legal tools into an intuitive interface for a seamless and global user experience.
Regardless of the size or complexity of your business, KPMG Digital Gateway can manage both your tax and legal needs with powerful tools that offer robust security and unparalleled flexibility. Digital Gateway is continuously being developed with new solutions and modules regularly launched to enhance user experience and meet new demands.
The platform offers two separate solutions: Digital Gateway for Tax and Digital Gateway for Law. Contact us today to learn more about how KPMG Digital Gateway can help you optimize your tax and legal management.
Digital Gateway for Tax - Streamline Your Tax Management
Digital Gateway for Tax offers a range of modules that facilitate the management of corporate information, collaboration, communication, document management, workflows, tax news, contact information, and data analysis of your company's tax data. The platform integrates seamlessly with your business system, external tools, and KPMG's own systems, providing a complete overview and simplifying your tax processes.
Digital Gateway for Law - Streamline Your Legal Management
Digital Gateway for Law provides access to KPMG's legal expertise, services, industry news, and insights through a cloud-based platform. The platform securely manages all your corporate and legal data and offers easy access to KPMG Law's Global Priority Solutions, applications, automation, and data analyses. Digital Gateway for Law is designed to support legal professionals at all stages, offering tools for global corporate management, restructurings, legal claims, contract management, and more. The platform helps you transform data into value, streamline compliance and planning, and facilitate collaboration within the legal department and externally.
Calculate a groups interest deduction possibilities in econds, KORUS automates the process
The interest deduction limitation rules that have been in place since 2019 places a heavy burden on companies to manage and streamline the complex calculations involved.
To facilitate this work in organizations with multiple group companies, KPMG has developed KORUS – a program that automates and completes the group equalization process in a matter of seconds. With the help of KORUS, valuable hours are saved in a groups tax management. The tool also minimizes the risk of errors in the calculations.
Your comprehensive solution for tax calculations
The KPMG Tax Calculation Tool (TCT) is designed to calculate both current and deferred taxes for all legal entities within a corporate group, based on Swedish tax regulations. It also manages balances pertinent to the tax calculation process, which can be effortlessly rolled over from year to year.
