Takeaways from the Tax Provision Roundtable chaired by:
- Dharmender Chhabra, VP Finance, Corporate Treasury & Taxation, EXL Service
- Sameer Prakash, Leader – Tax Technology & Transformation at Ernst Young
The value of accurate, real-time tax provisioning is only accelerating – as well as the resulting data burden. The sudden thrust into a remote working environment this year has increased pressure on the tax functions to manage flow of tax information as well as ensure there’s transparency and visibility over global tax provision process.
The effectiveness of a tax function is often measured by the impact it has on the business across a range of metrics and as Sameer Prakash, Leader – Tax Technology & Transformation at Ernst & Young, explains – Effective Tax Rate (ETR) is one of the widely used KPIs and needs to be accurate and available in real-time.
To successfully navigate the challenges of the future, it is critical to build resiliency into the tax function. What is key is to holistically assess global tax provision process and other tax processes in this new remote work environment and re-configure using technology.
Access the summary here along with Poll Results from the live poll we conducted during the roundtable and hear what Tax professionals in India and South East Asia say.