Tax Manager's calendar

Multinationals are facing an ever-increasing amount of global tax and statutory obligations. They impose the filing of returns, payments of liabilities, reporting of information… This entails an ever-increasing amount of deadlines that should be met. And we all know, missed deadlines don’t only cause financial harm, they can also result in reputational damage, and worst case even criminal sanctions.

But here is the problem. Meeting or missing the deadlines is not exclusively in the hands of the in-house tax teams. Most compliance jobs require a very complex interplay between multiple stakeholders, like local finance, advisors, and senior execs that may need to sign off. That is why any small hiccup in such a process can cause problems down the road, with incompliant outcomes as a risk.

Proactive tax leaders invest in process excellence. They have solid backplanning in place, and have strong relationships with all stakeholders involved. They make these jobs structured and repeatable. And where possible, they go for automation based on technology.

By the way, we have a tax compliance process automation tool that helps many in-house tax teams to deal with this never ending stream of obligations. You can watch a demo of it here: