Reframing tax

Building the tax function of the future

To make the tax function future-proof, efficient, and effective, it is essential to understand and integrate the tax implications of technology and transformation into the business strategy. Business processes are heavily dependent on technology and are constantly undergoing transformations. New software products and IT infrastructure are becoming increasingly accessible, and organisations are implementing these to improve their processes. In addition, there is more focus on the quality of data. However, when making strategically important decisions about technology and transformation, it appears that the tax function is often left behind.

Agility is essential

The tax function is facing major changes. Digitisation, the net zero transition, the global minimum tax, and the higher ESG expectations of stakeholders all have implications for your tax strategy, processes, and reporting. As head of tax, you need to not only respond to these changes, but also help your organisation make the right strategic choices. For this, you need an agile, efficient, and resilient tax function. This way, you can also demonstrate the added value of your tax function to the other stakeholders in your organisation.

How can PwC help

Reframing tax is more than a slogan or a mindset. It is a proven approach. A way of working that helps you elevate your tax function to a higher level. With reframing in practice, your tax function is transformed into a strategic partner, an agile player, an efficient organisation, and a resilient department. With our comprehensive approach, we can help your company to utilise the full potential of the tax function. This enables you to navigate through the complex tax landscape with confidence and achieve sustainable business success.

Reframing in Practice

In practice, we work according to a 5-step principle. With this approach, we cover the broad organisational issues and respond to the needs of the organisation. Along the lines of organisation, people, processes, data, and technology, we can draw up a plan to make your tax function future-proof. Our approach can be as follows:

We analyse the existing tax function of the organisation, in which we identify the main challenges and opportunities. We compare the tax function with that of similar enterprises and determine the tax ambitions.

We design the future tax function specifically tailored to the needs of the company. We define the tax capabilities, operating model, governance, and the tax technology and data. This ensures that the tax function is efficient, effective, and in line with the business goals.

We create a business case for the transformation and develop a roadmap for the implementation. This enables the company to understand the benefits, costs, and timeline of the change, so that an informed decision can be made.

We guide the implementation process, providing the necessary expertise and support in the field of tax compliance, reporting, risk management, advisory, and tax technology. We ensure good communication and involvement of all relevant parties.

With the transformation completed, we continuously monitor and evaluate the results of the new tax function. This helps us to identify points for improvement and make necessary adjustments, so that the tax function remains aligned with the changing business needs.

Want to know more?

If you want to know what we can do for your company regarding Reframing tax, please contact us for a no-obligation conversation or a workshop. Is your tax function already prepared for future challenges? Contact us and find out where you stand!