TIF's concept explained

“The best things in life are free, but sooner or later the government will find a way to tax them.”

Why the current tax process fails? • Processes are too complicated with too many relations to manage • Manual process, consultancy driven, limited IT support • Models are very hard to maintain when underlying data / required output change • Data models are not validated • Limited traceability, hard to audit, difficult if not impossible to prove the output

Why the solution will solve the problem? • Report requirements are defined and only the data that is need is extracted from ERP systems • The data is lean the engine only uses what it needs • Tax workflows are modelled in the tax engine • Tax reporting process is streamlined by defining requirements, set up lean model, use lean data • Process and data is codified in the engine – making the process repeatable

Some tax automation domain examples

Tax reporting & accounting

SUPPORTED BY TAX TECHNOLOGY TOOLS
TRANSPARENT OUTLINE OF TAX POSITION IF PERFORMED POORLY DOWNSIDE RISK
MULTIDISCIPLINARY PROFESSIONALS

The area of greatest difficulties encountered by our clients includes the complexity of existing accounting regulations that covers the calculation of allowance, allocation business integration and oversea duties.

Tax forecasting

BE IN CONTROL OF YOUR TAX POSITION
FAST CREATION OF WHAT-IF SCENARIOS
REPLACEMENT INHERITED EXCEL SHEETS
WEB-ENABLED FORECASTING TOOLS

We provide consultation services that empower various departments to collect tax data, analyze, manage data in order to generate reports. Having done this, our next focus is to guide you on how to forecast your tax effectively.

Transfer pricing

MORE FOCUS ON FAIR SHARE PRINCIPLE
CBC REPORTING AND MASTER/LOCAL FILES
BEPS AND TAX AVOIDANCE
TAX TECHNOLOGY TOOLS SUPPORT

Our senior managers and interim managers have a track history of success TP-practice combined with financial control and/or business control ensure they are well implemented.

International tax

TAX FORECASTING
TAX ACCOUNTING
TRANSFER PRICING
TAX AUTOMATION

In this era where competition has reached its zenith, an endeavor to align a business tax strategy in accord with the overall cooperate strategy and the global standard of effective tax rate is an indispensable key to breakthrough.