In-house tax between business and regulations

Tax is a constant balancing exercise. Between value protection and value creation. Between being tax compliant and tax efficient. Because every business decision has a tax shadow, our impact can be significant. Very significant.

As many of you enter the last quarter of 2024, before heading into the year-end madness, there is good momentum to reflect on the pivotal role that your team is playing in your organization. And rest assured, if you further transform and future-proof your function, you will be even more effective.
Here are some nuggets of advice to get more out of 2025:

👉 Invest in your (tax) data. Both in gathering, storage and analysis. Data-driven tax departments are the best.

👉 Relationships -> Collaboration -> Processes -> Technology. Mind the order.

👉 Compliance monitoring is key. Across all the tax verticals. Strive for real-time transparency, audit trails, automated distribution of work and deadline management.

👉 Controls are only effective when they are operationalized. Identify ways to embed them into the “day-to-day”.

👉 Keep on increasing the tax awareness level in your organization. You are not below the line. You should not be seen as a mere cost centre. Advocate for it. Every day!

Good luck.