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PwC's accounting podcast cover image

Getting ready for OECD Pillar Two

PwC's accounting podcast

NOTE

Challenges of Data Collection for Tax Compliance

Identifying the necessary data points and sources is crucial for tax compliance. Approximately 260 data points are required for each entity, with only 40 to 60% often found in ERP systems. The rest might be scattered in provision software, tax compliance software, spreadsheets, or even non-existent. Data collection poses a significant challenge for taxpayers, who must navigate multiple ERP systems and transformations. Transforming gathered data into relevant information for calculations is another crucial step in the compliance process.

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