Tax Reporting & Compliance

From burden to business enabler

Tax compliance is a strategic business issue that must evolve with the shift to digital, the increase in regulatory obligations and the need for operational resilience. Organisations that shift compliance from a cost of doing business to a position of strategic value will gain significant competitive advantage. We’re helping organisations transform their tax compliance from a burden into a business enabler.

Evolving trends are changing the way tax functions are operating – both day-to-day and with long-term strategic planning. The Tax function of the future will look surprisingly different from today's ... are you prepared?

Tax reporting always has been a core competency within the Tax function, but Tax reporting processes must incorporate increased automation, better integrated data and processes, more analytic capabilities, technology-savvy tax professionals and solid internal controls. These improvements will enable the Tax function to deliver better quality output in less time, creating capacity to contribute more strategically to organizational decision-making.

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Tax Function of the Future

PwC gives predictions for the Tax Function of the Future and examines the main drivers influencing and underpinning them. We consider the current challenges facing tax, predictions for the Tax Function of the Future, and how the current tax function will have to adapt to support and keep pace with the wider business.

How we can help

Indirect tax compliance

  • Monthly and annual VAT filings
  • Review of VAT filings
  • Intrastat reporting
  • Assistance with tax refunds and support during tax audits

Corporate Income tax compliance

  • Annual and advance CIT filings
  • Review of CIT filings
  • Assistance with tax refunds and support during tax audits

Other tax compliance

  • Withholding tax filings
  • CbCr notifications reporting
  • Real estate tax reporting
  • Pollution tax reporting
  •  Registration and deregistration from the Register of Taxpayers

Transformed Tax Compliance

Solves data challenges

By starting right at the beginning of the process, we take the time to understand your data position as it stands and resolve any fundamental challenges first. Our aim is to take the pain and time burden away from managing data and give you meaningful insights in return. Our tools efficiently extract, clean and reconcile your data, improving accuracy and allowing for an efficient and sustainable compliance process.

Gives you confidence

When you need to navigate an ever-changing business landscape or respond to disruption, we make sure your compliance isn’t impacted. Our processes deliver the highest quality of outputs, giving you confidence and a clear audit trail to manage your obligations. We work with you, as one team, to navigate complex regulations and obligations. And we use our expertise to ensure our tools and processes are robust enough to stay ahead of the changing environment and prepare your business for the future.

Helps you stay ahead

We give you access to deep compliance specialists, who constantly stay ahead of new legislation, new technology, industry trends and process innovations so you can be protected and prepared against any form of future disruption. By implementing cutting-edge technology that leverages automation and next-generation tools, we help you to build a robust compliance process that enables your people to focus on value-add activities.

Delivers Insight

We surface the value across all the tax data you are holding, which in turn allows you to get much more from your tax compliance process, so it’s not just about managing risk but also enabling strategic decision making and tax judgements. We turn this data into insight, providing analytics and trends which may have previously gone unnoticed, all of which can be used to support the changing demands on the tax and business functions.

Is seamless across taxes and territories

Our automated processes and collaboration tools are accessible and easy to use, simplifying the end-to-end compliance experience. Our teams operate globally, giving you the benefits of expertise for all the territories relevant to your business. The breadth of our experience and resources means we can adapt to your needs with scalable support that evolves with your organisation.

Contact us

Giedrė Cater

Giedrė Cater

Tax Reporting, Accounting & Strategy Leader, PwC Lithuania

Tel: +370 698 52318

Karolina Svitojūtė

Karolina Svitojūtė

Manager, Tax Reporting and Strategy Services, PwC Lithuania

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