Our services

Your challenges

You do business in a complex, international environment. Operating in different countries requires coordination of subsidiaries with diverse accounting practices, legislative environments and local business customs.

In order to be effective, a global compliance management solution should clearly address and accommodate your needs. Some of the issues you are facing include:

Global compliance services challenges

Lack of control

More control over regulatory compliance obligations
You need to be aware of the different obligations and deadlines for corporate and indirect tax compliance in each of the countries in which your organisation operates. From a control point of view, you want to understand what your tax compliance requirements are for each subsidiary and be able to see that they are being met, in order to avoid penalties and fines.

How do you keep up-to-date with the obligations in each country and ensure that all of these requirements are being met on a timely basis?

PricewaterhouseCoopers can help
We have the resources, knowledge, and experience to support you with your worldwide tax compliance management. We will bring together a team of dedicated tax compliance professionals, based in each of the countries in which your organisation operates. They will keep you apprised of any regulatory changes. An important benefit of being up to date with local compliance information will be your ability to adapt quickly.

Managing HR issues

Recruiting, training, and retaining experienced tax professionals, in each of the countries in which you have compliance requirements, uses valuable management time and is expensive.

How can you have access to a global network of trained and experienced tax professionals without taking on the added HR issues?

Gain access to PricewaterhouseCoopers tax specialists on a worldwide basis
In order to run efficiently, a tax department requires knowledgeable specialists in a wide variety of direct and indirect tax areas. PwC provides you with access to the latest local knowledge with Subject Matter specialists available to identify value-added opportunities.

Multiple service providers with no centralised cost structure

If your subsidiaries are working with local service providers, it may be difficult to know at all times what is going on in every country. The risk of inconsistencies increases with multiple providers who may fail to take into account the needs of the global organisation. In addition, it is difficult to accurately budget and control your global compliance expenditure while using multiple providers.

How do you obtain the best value for your expenditures and increase the efficiency of the service you receive?

PricewaterhouseCoopers can help
We provide a coordinated service on a global basis which provides you with a single point of contact and access to local tax advice. Through the use of a Client Relationship Manager you will have the ability to communicate and coordinate efficiently with your global tax organisation. A more efficiently managed service, provides support for your local subsidiaries, while the global organisation benefits from cost and service efficiencies.

Lack of time for value-added activities

Your tax department does not have enough time and resources to focus on what really adds value to your business. There is a vast amount of data gathering and administrative work required to coordinate your global tax compliance position. Using multiple service providers increases this burden.

How can you liberate key tax personnel to concentrate on value-added services?

Leverage our connected global network using standardized processes
By working with a global partner on compliance solutions you benefit from access to local tax professionals in every country in which you operate. Through an improved process and a connected global network, your key tax personnel have more time to concentrate on value-added activities.

Controlling compliance costs

With multiple service providers and different approaches to compliance between territories, tracking your compliance cost is difficult and time consuming. Obtaining consistent, quality information is not straightforward and often leads to increased provider fees.

How can you attain certainty over compliance costs?

PricewaterhouseCoopers can provide you with clear oversight of compliance costs
By utilising a single service provider to manage your global tax compliance, you gain a clear oversight of compliance costs, which allows you to accurately prepare budgets and have control over the expenditures needed to meet your regulatory obligations.

Capturing timely and reliable data for tax compliance and planning

You are looking to manage effectively the amount of tax which you pay. Manually gathering the information you need can be slow and time consuming. You are not always clear that the information that you do have is the most current for any particular country. It is likely that planning opportunities are being missed. Building and maintaining in-house compliance technology is not cost efficient.

How do you obtain the accurate information you need, when you need it?

PricewaterhouseCoopers provides real-time access to tax data using proven compliance tracking technology
Through the use of a customised tax technology tool, GCS WorldView, PwC enables you to have real-time access to tax information. GCS WorldView stores and manages relevant tax data electronically, in a single global repository. With reliable compliance information in a single location, better tax planning and business decisions can be made.

Keeping up-to-date with regulatory change

Compliance legislation, precedents and practices are constantly changing. Staying up-to-date with these changes, across all of the territories in which you operate is time consuming, costly and carries significant compliance risk.

How do you have confidence that regulatory change is being managed?

PricewaterhouseCoopers can help
We assist you in understanding your tax compliance requirements for each subsidiary. With real time access to tax information through a customized tax technology tool, your relevant data is stored and managed electronically for control and visibility. With access to better quality information, you reduce your risk of non-compliance. You will be able to see that requirements are being met, which helps to avoid penalties and fines.

Limited in-house resource to meet fluctuating compliance workload

Your tax department may not have enough time and resources to focus on what really adds value to your business. There is a vast amount of data gathering and administrative work required to coordinate your global tax compliance position. The demands of accounting deadlines and audits, often puts considerable strain on your resources as your workload varies throughout the year.

How do you reduce the compliance workload and maintain operational efficiency?

Scalable solutions delivered by PricewaterhouseCoopers' connected global network
A flexible staff solution will allow you to address the fluctuations in workload, and reduce the stress on your internal tax resources. PwC’s global network and service model provides you with day-to-day compliance operational assistance, enabling your internal tax team to focus on value-added tax planning activities.

Contacts

Buddy Tinley: Global compliance services leader; Tel: +1 (678) 419 8838
Andy Morris: GCS global client solutions leader; Tel: +44 (121) 232 2166

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