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Data-driven compliance

Gain control over your tax data and streamline your processes
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Organisations are improving tax reporting accuracy, efficiency, and risk management through advanced analytics, automation, and integrated data controls. 

Tax data quality

Are you ready to optimise the quality of your tax data?

In today’s complex environment, tax leaders often face significant data challenges, with data quality being of prime concern.

As the reporting burden continues to increase, managing compliance costs, ensuring quality, leveraging AI, and showing insights is becoming crucial.

But to achieve this, organisations need to ‘fix’ tax data—ensuring it’s fit for purpose and available on demand.

PwC’s Data controls engine (part of our wider Sightline ecosystem and Connected Tax Compliance offering) helps organisations to do this by ensuring that data quality, controls, and analytics are integral to an organisation’s tax reporting processes.

It offers enhanced data quality through powerful diagnostics that rapidly detect errors and interrogate source data within a single cloud-based platform.

Powered by PwC’s extensive catalogue of tax data dictionaries, validations, rules, analytics, and reconciliations, organisations can strengthen and operationalise their tax governance and risk management processes. Ensuring a comprehensive approach to optimising the quality of tax data.

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Making your tax data work even harder for you

Tax compliance is evolving rapidly with new global legislation like Pillar Two, e-invoicing, and new sustainability regulation emerging in just the last two years alone.

These emerging regulations require new data sets to be gathered, from new areas, on top of the vast data already needed for other areas of compliance.

To respond to this, organisations need to put data at the heart of their tax reporting. PwC’s Global Reframing Tax Survey reveals that 95% of tax leaders report a skills gap in their tax function, highlighting the need for advanced tools and technologies to optimise tax reporting processes. This is where PwC’s data-driven compliance, underpinned by PwC’s Data controls engine, comes in. It is a tax controls and analytics tool designed to improve the efficiency, accuracy, and risk management of tax data processes. Whether you’re dealing with indirect tax, withholding tax, or corporate income tax, PwC’s Data controls engine helps validate and test tax data across multiple systems.

How we can help

So how does it work?

PwC’s Data controls engine conducts rigorous tax data testing procedures, meticulously tiered by risk criteria to:

  • Execute comprehensive control checks and tax exceptions testing to ensure accuracy and compliance, using inbuilt agreed-upon procedures.
  • Interrogate source data from underpinning systems for thorough analysis.
  • Perform root cause error analysis to drive continuous improvement in data and processes.
  • Provide unparalleled access to data analytics for all tax types via a single, regional, or global view.

It has capabilities across corporate income tax, indirect taxes (sales tax), withholding taxes, and tangible fixed assets to provide a comprehensive set of controls and insights across your tax data and filings.

PwC’s Data controls engine helps organisations to embed better data controls, ensuring that their tax data works even harder for them and helping to build a new level of trust in tax reporting.

By working closely with our alliance partners, we ensure that our clients have access to the best-in-class technologies and expertise needed to navigate the complexities of tax compliance. Our PwC Data controls engine tool leverages Google Cloud’s advanced data analytics and AI capabilities to provide real-time tax data insights, ensuring accurate and efficient compliance for our clients globally.

PwC’s Data controls engine enables our clients to systematically operationalise and embed tax risk and governance frameworks into their day-to-day compliance processes and embed a risk and controls-based approach to managing their global tax compliance obligations.

Empowering tax compliance through connected data and technology

Get in touch

Brady Dever

Brady Dever

Tax & Legal Alliances Market Leader

PwC Australia

Klaus Schmidt

Klaus Schmidt

Global Tax and Legal Alliances Leader

PwC Germany

Jonathan Howe

Jonathan Howe

Global Connected Tax Compliance Leader

PwC United Kingdom

Erin Callanan

Erin Callanan

Pillar Two Data Strategy Global Leader

PwC United States