The weaponization of technology by tax authorities
(This session is held in English)
What is happening throughout the world is an unprecedented growth in technology driven tax transparency initiatives, which are exponentially growing every year.
There is a fundamental shift taking place in how tax data is being collected. The shift is two-fold. In the first place, we are moving away from information being ‘pushed’ to the tax authorities. Instead, authorities are increasingly ‘pulling’ the information from your ERP and other core systems. Secondly, the interchange of tax data is taking place in real-time electronically.
Getting your tax data right is key. The end-to-end flow of information should be digital and capable of being audited going forward as the authorities are doing cross-references between your vendors and suppliers.
All these real-time/transactional reporting requirements means that companies simply do not have the time to manually review and correct any potential errors before submitting data to the tax authorities, so there is an immense pressure on companies to make sure they have their tax determination and reporting set up correctly in their ERP from the offset.
Analogue tax control frameworks and good standing have largely been sufficient to date but now due to more data driven and system based tax audits it is becoming increasingly necessary to embed digital control frameworks in your ERP and real-time visibility, and analytics, in your tax reporting process to stand a fighting chance against the tax authorities.
Target group: CFOs, Head of IT, Head of Tax, Indirect Tax Manager, Shared Service Center leads
Overview of new regulatory requirements in key countries
Understanding the importance of your tax department as a strategic data partner
We will share our knowledge and best practise in how to prepare for real-time/transactional reporting
Deloittehuset, Weidekampsgade 6, 2300 Copenhagen S.
25/03/2020 | 08:30-10:00
25/03/2020 | 11:00-11:30
Jonas is National Leader in Denmark and Senior Manager in our Tax Management Consulting group, based in the Nordics. He has more than 10 years of experience working with multinational clients from being an auditor, advisor and from a position as Group Finance Manager in the industry. This combination enables him to create value for the business through the tax function. Jonas has managed both national and international projects focusing on technology and processes. Jonas has lead global engagement teams, and runs coordination and delivery of tax services across multiple jurisdictions. Having worked in both Denmark and in a global position in London, he has extensive experience working with teams based around Europe and rest of the world. Jonas focuses on outsourcing, risk, strategy and development of the tax function.
Johannes is Partner in Deloitte. He graduated from Copenhagen University with a Master in Law and after working for two of the Big4 firms in Denmark he went abroad and spent more than a decade of his career working on global tax issues. Most of his time he has spent working in practice, however, he also worked 3 years in industry as VP of Tax which provided him with invaluable insight in practically applying/implementing the tax advice received. Johannes’ background has primarily been within indirect tax but for the last many years he developed into a more multidisciplinary global tax advisor, all the time with a focus on utilizing technology as part of solution. He has been part of the pioneering teams that first made addons to fix the shortfalls of SAP in respect of tax, and developing global indirect tax reporting software - before even Onesource was created.