Indirect Tax Compliance
A global digital solution to meet all your day-to-day Indirect Tax Compliance challenges. One application to streamline reporting, get valuable data insights and improve efficiency, while keeping risks under control.
The challenge
New digital reporting requirements and greater scrutiny from tax authorities are challenging businesses to find more efficient, automated, and potentially more centralized ways to manage the indirect tax compliance process. Tax departments are required to achieve more with less, while still facing challenges of multiple data sources, varying data quality, numerous processes and country-specific requirements.
Combining our tax knowledge and expertise in technology, Deloitte has developed an industry-leading solution Deloitte ITC to address these challenges. Deloitte ITC supports your end-to end compliance process, from automated data extraction to the electronic submission of returns. Today, the application covers more than 75 countries globally, including the latest reporting requirements such as transactional and real-time reporting.
Benefits
Features
Indirect Tax Compliance is an easy to navigate, web-based application that supports and optimizes your end-to-end compliance service, allowing better quality and control.
- Advanced data extraction solution
- Data wrangling and cleansing
- 80+ data quality checks
- Interactive dashboards
- Real-time and transactional reporting
- Electronic submission platform
- Full control and audit trails
- Flexible reconciliation models
How it works
Dashboards
Insights in transactional data and possibility to create customized reports
Compliance calendar
Monitoring compliance deadlines and KPI’s
Set-up
Easy mapping via intuitive drag and drop functionality
Data quality checks
Irregularities in your data are immediately highlighted in an exception report
Return output packages
Complete set of deliverables supporting you during review, submission and future audits
Submission platform
Electronic submission is possible through government API’s