Tax Forecasting and CbC Reporting: Navigating the Data and Process Challenges in Light of Pillar Two

As Pillar Two becomes a reality, is your tax team set up with accurate financial forecast data to tackle the challenges of interim reporting and long-range forecasts? Are you confident your organisation’s CbC reports can be generated quickly to support the Pillar Two Safe Harbour tests, and that they’ll be qualified and auditable?

Disconnected systems and manual processes compromise data integrity and waste valuable time. Organisations should tackle the complexities of Country-by-Country Reporting and tax forecasting with robust, quality data within a single source of truth, calculated and presented in a solution built for automation and compliance.

Experts from insightsoftware and Deloitte will discuss:

• The challenge of producing detailed, auditable CbCR data
• Process improvement around CbCR to produce qualified reports quickly
• The lack of forecast financial data suitable for tax
• Options for efficiently generating suitable forecast data based on prior year data, more high-level information, trends and knowledge of the business
• Simplifying and automating the interim and long-range forecast