An automation tool for the Corporate Income Tax compliance process

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Bringing the Corporate Income Tax compliance process to a next level, the era of digitalization

SmarTax is a digital tool that allows you to calculate and prepare the quarterly and annual corporate income tax (CIT) computation and is designed to reduce the time spent with the calculations through the automation of repetitive processes. The application incorporates the entire fiscal legislation in force, while also remaining flexible to adjust to any future changes in the corporate tax area.

With SmarTax you would be able to make fast decisions based on updated tax law/ regulations, have access to Deloitte expertise in profit tax area, compare tax treatments by quarter/year, generate monthly computations, have traceability over each computation even when the team changes, manage the tax computation process, communicate internally directly via the application, keep track of all information and supporting documentation with the archive module, or export tax data and analyses for group reporting purposes.

Key features

SmarTax is functional through a simple internet connection, archives... the necessary information for completing the corporate tax returns, establishes the applicable tax treatment, based on the type o transaction or tax treatment previously applied and automates calculations on limited deductibility in cases specifically provided by the tax legislation, such as the legal reserve, interest expenses, sponsorships etc.

With a single click, the application automatically generates the corporate income tax return to be signed and submitted to the tax authority.

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Archive the information

used for the preparation of the CIT computation

Replicate the tax treatment

from a quarter to another

Pre-set certain tax treatments

based on the transaction type/ the tax treatment used in previous years

Maintain a history

of the comments / information necessary to determine the correct tax treatment

Generate a predefined validation list

in order to ensure the accuracy of the analyzed information and the chosen tax treatment

Automate the tests

to determine the limited deductibility of certain elements (e.g. legal reserve, interest expenses, sponsorships etc.)

Generate a .pdf file

generate automatically the quarterly / annual CIT returns for submission

Key Advantages

SmarTax app ensures a high level of automation and control and thus considerably reduces human errors and the time allocated by tax and accounting professionals for this process

Software as a service (SaaS)
File management and use of information
IT security and data confidentiality
  • 24/7 access through a simple internet connection;
  • Unlimited number of users that may access the service;
  • Data management, using the Microsoft cloud service (commissioned by Deloitte) – the application will be available on the Deloitte server.
  • Archiving the information and file on a period equivalent to the statute of limitation period (including the possibility to upload files from previous periods), with the possibility to extend the period upon request;
  • The application is developed in the native APEX platform from Oracle, which allows for an increased compatibility between the systems (e.g., Oracle, SAP etc.)
  • The highest possible security level, provided by the Active Directory – Microsoft;
  • Multi-factor authenticator (MFA) – access based on a username and password, and on an additional verification based on a unique code received on the telephone of the user (SMS).

Have a look at our brochure to find out more information about SmarTax by Deloitte

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Meet the project team

Dan Bădin

Partner, Tax

Ana Petrescu

Senior Manager, Tax

Gabriel Patru

Senior Consultant, Tax

Alex Vasile

Technology Manager, Tax

Connect with the project team

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