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      Generative AI, the next generation of artificial intelligence, has the potential to be the most disruptive technology since the internet. The resulting changes will impact the data-intensive tax function sooner than most other areas. The skills and expertise of tax professionals combined with GenAI tools are a key success factor for the transformation of tax processes in the near future.

      Generative AI: a paradigm shift in taxation

      Die bisherigen Anwendungsgebiete künstlicher Intelligenz liegen hauptsächlich in der Automatisierung, zum Beispiel der Erfassung und Überprüfung von Umsatzsteuerdaten aus Eingangsrechnungen. Generative KI ermöglicht deutlich mehr: Auf Basis vortrainierter Modelle bietet der Einsatz entsprechender Tools die Möglichkeit, neue Inhalte zu erstellen. Die Technologie ist durch ihre Flexibilität und Geschwindigkeit für eine weit größere Vielfalt von Anwendungsfällen geeignet und erschließt so neue Anwendungsfelder. Sie hat das Potenzial, Effizienz und Produktivität zu steigern, Entscheidungsprozesse zu verbessern und innovative Lösungen für Herausforderungen im Steuerbereich zu entwickeln.

      Beyond chatbots: the transformative power of generative AI

      Generative AI offers much more than the familiar chatbot applications that have been popularised by platforms such as ChatGPT. Typical use cases in which chatbots provide valuable services are, for example, the management of guidelines and work instructions or the ad-hoc analysis of contracts. Generative AI only realises its true potential when it is integrated into business processes. Here, it not only improves automation, but also increases quality and efficiency. One of many fields of application is, for example, integration into the process for creating and updating transfer pricing documentation.

      Opportunities for Tax

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      A short survey reveals how participating companies are using artificial intelligence in their tax departments. Publication in German.

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      • Efficiency through automation

      • Instant access to relevant information

      • Improving tax compliance

      • Greater business integration

      Survey: AI is transforming the finance function

      More than 1,000 executives worldwide offer exclusive insights.

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      Diverse use cases in the tax business

      The range of possible applications in the area of taxes is broad. GenAI makes it easy to utilise digital knowledge and data for everyday tasks. In addition to the "generic" capabilities, proprietary data can be integrated to perform specialised tasks.

      Generative AI thus enables the automation of routine activities and provides quick access to comprehensive knowledge resources. Tax experts gain time for value-adding and strategic tasks.

      • "GTP for everyone"

        The use of assistive systems enables all staff to make effective use of generative AI in their day-to-day work.
         
        Examples of use: research, summarising BFH rulings/BMF letters or articles, translations, drafting emails, project plans, presentations, training materials, programming code, text files, etc.

      Generic Assistants

      Boost the efficiency of all staff immediately

      • "Talk to your documents and data"

        Relevant in-house information can be retrieved, summarised or analysed in a targeted manner.
         
        Examples of use:
        Enquiries for the tax department, tax compliance/risk management, chatbots for policies and processes, assistance with tax-related queries including references, evaluation of tax assessments, monitoring of legislative changes, contract analysis, etc.

      • Document creation

        Automation of document creation to improve the efficiency and quality of processes.
         
        Examples of use:
        Preparation of procedural documentation in accordance with GoBD, preparation of transfer pricing documentation, drafting of statements and expert reports, preparation of Tax ESG reports, etc.

      Tax-specific assistants:

      By enriching the AI model with proprietary data and integrating it technically, GPT’s full potential is realised, enabling business processes to be innovatively redesigned.

      Video: "Accelerating the power of AI in tax and legal services with confidence."

      Our offer for your departure into the future of taxation

      The world of taxes is being reshaped by generative AI. We support companies with technical and technological expertise in analysing which tasks are worth using generative AI for and which specific opportunities are available. In workshops, we teach skills and methods for utilising generative AI, provide insights into current developments and develop pragmatic implementation strategies. With concrete use cases and live demonstrations, we make the functionality of generative AI tangible and show the opportunities of this technology for classic business processes in a very practical way. Generative AI is one of the most exciting developments of recent decades - talk to us.

      KPMG Digital Gateway - an ideal platform for the use of GenAI tools

      The use of GenAI tools is particularly easy via our Digital Gateway platform. It enables centralised access to the entire range of our technological solutions and beyond. The integration of a GenAI-based tax assistant in Digital Gateway helps you to master business challenges efficiently, use data to create value and optimise (tax) processes.  

      Find out more about KPMG Digital Gateway now
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      Virtual Advisor and Smart Concierge

      Offers GenAI capabilities across the Digital Gateway platform and our technology ecosystems.

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      Wealth of knowledge

      It enhances AI models with the collective intelligence and experience of our organisation, giving you access to proprietary knowledge and thought leadership.

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      Data, analytics and reporting

      Apply GenAI to your data and documents so that you can review and analyse them more efficiently and gain valuable insights.

      Proactive handling of risks

      Generative AI requires responsible, ethically correct and legally compliant handling. The following aspects should therefore be taken into account when implementing corresponding solutions:

      • Ethics and regulation: Ensure proper and ethical use.
      • Data control: Careful data control is essential, for example to avoid risks that may arise from incomplete or outdated tax law data in the AI model.
      • Accuracy: Ensuring the precision and reliability of AI-generated data to avoid misinterpretation and incorrect decisions.
      • Checks: Information generated by generative AI must be validated to minimise errors.
      • Data protection and confidentiality: Information generated by generative AI must remain in protected environments to ensure data protection and confidentiality.
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      Video: Generative AI in your control function: Recognising and successfully implementing use cases

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