Tax functions are facing rapid change. Demands for better tax governance and risk management are increasing, along with pressure to deliver better value to the broader business. To address these needs, Australian businesses need to demonstrate robust tax performance and strong internal governance framework.
Backed by the expertise of our Tax Governance & Transparency professionals, KPMG Tax Control Room can help. Our innovative cloud-based solution provides tax insights designed to improve the management of tax within your organisation. Discover new perspectives on tax risks, issues facing head of tax reporting, insights into tax function performance and how to improve tax governance and controls.
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Understand what impacts your tax function, C-suite and Board through data-driven tax insights
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Shift from compliance to value creation
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Recognise tax risks to make informed decisions by focusing on what impacts your business
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Benchmark and track key performance measures to prioritise areas of tax maturity and areas of improvement
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Save time, money and resources
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Shift to more effective and efficient teams, processes and technology
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Create consistency across your organisation for all tax processes
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Manage tax risk across your people, process and technology
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Help to protect your business reputation and brand
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Apply better practice tax governance, risk and compliance frameworks
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Achieve compliance targets and reduce regulator disruptions
Features
Gap analysis
Actions, not just steps
Tax Control Room generates actionable measures and insights, tailored to meet different needs to improve tax governance.
Performance benchmarking
Mature your tax function
Proven model to compare your tax function and governance performance against peers and better practice.
Tax risks dashboard
Know your tax risks
Gain a multi-stakeholder perspective on the range, risk and impact of tax risks globally.
Tax preparation reviews
ATO review ready
Be prepared for income tax, GST and related ATO reviews by accessing specific GST, superannuation, and third party data-specific resources.
Chief Tax Officer dashboard
Tax function KPIs on a page
Gain a visual representation of your tax function KPI’s benchmarked against peers.
Global tax benchmarking
Know where you sit globally
Insights to allow you to review the structure, sourcing and focus of your tax function globally benchmarked.
How KPMG’s Tax Control Room can help your business
Diagnose your tax risks
Discover data-driven, experience-based, tax management insights on tax risks. Surface new perspectives through head of tax reporting and tax function performance, going beyond general tax governance & controls. Simply:
- Select the tax management components to be assessed and improved
- Complete self-assessment and stakeholder surveys issued
- Receive your customised tax management insights.
Define practical actions
Plot the best course of action to improve your tax function.
- Workshop multiple stakeholder views to raise awareness, align efforts and focus efforts
- Undertake document reviews and appropriate assessment activities
- Plan and prioritise activities to address gaps and enhance the management of tax
- Use this plan to gain support for and demonstrate your actions.
Develop your implementation plan
Adopt a risk-based approach to improve tax function performance.
- Improve head of tax reporting to internal stakeholders
- Enhance tax governance measures
- Respond to regulatory enquiries with a demonstrable framework and action plan
- Embed and demonstrate a value-adding tax operating model.
Tax governance
At the heart of tax management
KPMG's tax governance team supports leaders of tax, CFOs and boards to achieve confidence that measures to manage tax across the business have been designed well and are operating effectively. We help businesses establish, review and evidence tax governance frameworks and controls; enhance tax function reporting and stakeholder engagement; assist boards with their responsibilities; and develop tax transparency reports.
Our holistic approach combines tax governance with tax transformation and innovative models to unlock opportunities to harness technology and process enhancements to improve governance, efficiency and effectiveness. Through this approach, good tax governance frameworks help meet regulatory requirements, save time through clearer and better processes, and increase stakeholder confidence that tax is managed well.
As a result, tax governance empowers leaders of tax to drive business value by strengthening and articulating the tax mandate. For more information get in touch with us.
Vision & Strategic Objectives
- Clear lines of accountability & governance
- Process & data optimisation to increase controls and efficiency
- Sourcing model to address risks & support controls
- Reporting on tax & stakeholder management
