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.
- Why choose TCT?
- More functionalities
- Functions of the TCT template
Comprehensive overview: TCT provides a detailed overview of all legal entities within your corporate group.
Support for multiple users: Through the consolidation function, multiple users can collaborate on tax reportings for their respective companies, which can then be aggregated at the group level.
Time-saving and risk reduction: Through automation TCT helps users save time and reduces the risk of errors by minimizing the manual steps necessary in the tax calculation process, such as data entry and calculations.
Flexibility: TCT is highly adaptable to your company’s specific needs and requirements. It can also integrate with various accounting and business systems.
User-friendly: Built in Excel, TCT has an intuitive structure that is easy to navigate, making it user-friendly for those familiar with the platform.
Designed for long-term use: With a single click, closing balances from the previous year can be rolled over to the next year, ensuring continuity and ease of use.
TCT features capabilities for importing accounting files to automate adjustment entries (following the mapping of the chart of accounts). This automation enhances the efficiency of the tax calculations and reduces the risk of transfer errors.
Additionally, TCT can be integrated with KPMG’s group contribution and interest deduction system, KORUS, which automatically calculates and suggests both group contributions and interest deductions according to general interest limitation rules.
- Calculate current and deferred taxes.
- Compute tax EBITDA and interest deduction capacity.
- Calculate and store data on tax losses and any restrictions.
- Compute and carry forward net interest from previous years.
- Calculate, reverse, and manage tax allocations reserves from year to year.
- Calculate and manage temporary differences and deferred according to the various regulations.
- Prepares and explains the effective tax rate for annual report disclosures.
- Prepare data for the interest deduction form N9.
- TCT features capabilities for importing accounting files to automate adjustment entries (following the mapping of the chart of accounts). This automation enhances the efficiency of tax calculations and reduces the risk of transfer errors.
Contact us
For a non-committal consultation or demonstration of the tool, please contact us at: TCT@kpmg.se.
Alternatively, you can reach out directly to your personal contact at KPMG.
