Navigate Withholding Tax Manager
PwC's Navigate Withholding Tax Manager is a web-based tool that integrates data obtained from your enterprise resource planning (ERP) to enable your organisation to manage their withholding tax (WHT) in Nigeria promptly and easily. It automates the end to end WHT compliance process and integrates data from three different dimensions:
General ledger account mapping
All vendor transactions
Vendor details
Benefits of the Navigate Withholding Tax Manager tool
Provides a ready output for audit reconciliation purposes.
Traces the financial statement expense line items to their WHT data points (date of payment, reasons for non-deduction, etc.) and vice versa.
Helps higher management in re-evaluating their existing control mechanisms by examining the applied withholding tax rates.
Generates insightful analytical reports and dashboards to assist clients in decision making.
Improves rule-mapping exercises using machine learning algorithms.
Challenges in Navigate withholding tax (WHT) management in Nigeria
Managing withholding tax in Nigeria can be time-consuming and tedious in complex business scenarios, especially for finance and tax professionals, regulators, and the general public. Key issues identified are:
Manual intervention in withholding tax functions
Tracing data to financial statements
Tax assessments
Year-end data reconciliation
How PwC's Navigate Withholding Tax Manager can help
Our Navigate Withholding Tax Manager tool is the smarter way to automate all of the manual tasks involved in withholding tax management in Nigeria, improving efficiency with the help of machine learning and freeing up your team to focus on more strategic work.
Its key features enable you to reconcile data from various sources and manage your TDS data reconciliation seamlessly.
Take a tour
This tour will walk you through the various features of the tool, and will also demonstrate the benefits you can derive through your withholding tax compliance and reporting.
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