With businesses gradually stabilizing in a post-pandemic world, tax functions are playing a greater role in helping organizations evaluate and determine their future paths. Broader organizational changes, such as supply chain restructuring and corporate transactions (M&As, divestments, carve-outs, joint ventures), all have tax consequences, making it important for organizations to align their tax strategies with business goals.

The global tax landscape is also changing rapidly. Governments and regulatory bodies are implementing tax reforms to assist local businesses and national or local economies and creating opportunities for healthy cross-border relationships that have significant implications for the tax function. In light of this evolving environment, organizations need to develop a robust strategy for tax compliance management, as tax can have significant business impact on both the bottom line and the top line.

In this viewpoint, we focus on the key challenges in tax compliance management, the key transformation enablers in the tax compliance process, outsourcing as a potential solution for effective tax compliance management, along with the future outlook for tax compliance.

Scope

All industries and geographies

Contents

In this viewpoint, we focus on tax compliance management and answer the following key questions:

• What are the key challenges in tax compliance management?
• What are the key transformation enablers in the tax compliance process?
• Is outsourcing a potential solution for effective tax compliance management?
• What is the future outlook for tax compliance?

Membership(s)

Finance and Accounting

Sourcing and Vendor Management