Tax Meme
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Let's do the maths. Imagine you're managing taxes for a multinational with 120 legal entities. Each one has just one indirect tax registration and files monthly. We make an abstraction of any consolidations.

Here we go:

- 120 corporate income tax returns annually, with periodic upfront payments.
- 1,440 indirect tax returns a year, plus some annual returns.
- 120 TP local files, maybe CBCR notifications. Oh yes, Master File and CBCR as well.
- And don't forget local, environmental taxes, WHT obligations, and other specific tax duties.

Is it any wonder tax managers occasionally wake up in a cold sweat 😰?