As digital disruption and regulatory changes reshape the tax landscape, businesses are faced with an opportunity to leverage tax technology to create efficiencies, increase accuracy, and enhance transparency in their tax functions.
KPMG’s tax transformation team can help your business implement targeted strategies that align tax operations with broader business objectives, allowing for effective risk management and compliance. Our services provide the essential framework for building a future-ready tax function, driving value through innovation and best practices.
Building a tax function fit for the future
KPMG’s tax transformation services help companies to proactively design and build how they deliver tax requirements in a world where tax obligations are 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.
KPMG's unique value proposition for tax transformation is that we have the experience and knowledge across all our teams – combining tax technical, tax transformation, process engineering, technology expertise. We bring them all together in one team to answer your question as to "What is my optimal tax function?
Why transform?
The world is evolving and digitizing at a fast pace and tax functions need to transform to keep up. The environment that 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.
Tax functions often look to Tax Transformation in situations including:
- End-to-end operations or finance transformation
- New legislative 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
Key service areas
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, our team can help tackle these challenges focusing on the following key areas:
How KPMG can help
KPMG’s tax transformation services professionals help organizations actively contribute to finance transformation projects helping to ensure that tax requirements are built in and tax is positioned as an enabler. We can streamline processes and help design a sourcing model which best suits business objectives and wider organizational goals across the whole spectrum of outsourcing, in-sourcing and co-sourcing.
We can help organizations ensure 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 ensure Country-by-Country reporting requirements are met and enable informed strategic decisions and improve performance.
Frequently Asked Questions (FAQs)
Tax teams often consider transformation when manual tasks dominate their time, data volumes grow, and regulatory demands and stakeholder expectations intensify. When strategic analysis takes a back seat to data gathering, it may be time to rethink your approach.
KPMG’s Tax Transformation team can help you reimagine how your tax function works — from strategy and process design to the practical implementation of enabling technology, including Generative AI (Gen AI) and automation. We work with you to pinpoint where effort can be reduced, accuracy improved, and value unlocked. We bring deep tax knowledge, proven technology accelerators, and change management experience to help you build a future-ready tax function that’s more efficient, resilient, and better positioned to support your wider business goals.
KPMG's highly skilled tax technology team can help your organization develop and implement a digital tax strategy aimed at maximizing the tax functionality of existing finance platforms and integrating tax with organization wide GenAI strategies. These digital tax strategies include:
- Ensuring your existing finance and/or ERP systems are properly tax-sensitized to help provide standardized tax determination
- Applying customized tax technology to help you comply with country-by-country reporting obligations.
KPMG’s tax professionals can help you identify the best digital tax strategy to achieve your organization’s business goals, providing tax leaders with faster, more accurate reporting and forecasting data for informed, strategic decisions and improved performance.
Organizations may hesitate to adopt new tax technologies due to uncertainty or lack of clarity around their benefits. KPMG firmly believes that transforming the tax function through technology is fundamental to tax today – and tomorrow. Our experienced tax professionals can guide your organization through the transition, helping you build confidence in tax technology solutions and empowering your organization to make tax automation technology a cornerstone of your digital tax strategy.
At KPMG, we recognize that the future of tax is now, combining informed digital tax strategies with advanced technologies to enhance tax administration. We utilize KPMG’s comprehensive Powered Tax Methodology to create a future-ready target Operating Model for tax functions across all areas of tax including functional processes, tax governance, technology, service delivery model, performance insights and data, and people.
Our team of experienced tax technical professionals and technology solution architects collaborate closely with organizations to deliver meaningful results. This involves achieving tax transparency, leveraging deep expertise in tax technology and data analytics, and implementing innovative tax automation designs. By doing so, we empower organizations to rethink and elevate their tax functions.
KPMG’s Tax Transformation team can assist at any point throughout your tax transformation journey. Our tailored solutions can support your organization in advancing your financial goals while positioning your tax function as a strategic asset.
Let us help you navigate this journey and optimize your tax function for the future. Contact one of our professionals today to learn more.
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