With the forthcoming requirement to report Country-by-Country (CbC) data to tax authorities in the Organisation for Economic Co-operation and Development (OECD) and G20 countries, it is important to make sure you have proper systems in place to help you. The BEPS 13 reporting tool by Palantir is a cloud based solution which will give you a tool to solve your reporting and analysis requirements efficiently.
The solution provides you with an efficient and customizable solution with a modular approach to maximize flexibility. This gives you the option to enable only the modules which will help you in your work and build a solution free from superfluous distractions.
The BEPS 13 / Transfer pricing solution will give you a tool for collecting, structuring, analyzing, and presenting all your transfer pricing and BEPS 13 related documents and figures, stored in one place, with you in control. Administration requirements are minimized, and data entry and review are streamlined with efficient capture and search functions. The solution includes support for:
The solution is easy to implement and roll out throughout the organization. You can effortlessly scale up to include add-on modules outside of the Transfer Pricing domain, such as Tax exposure reporting, Tax Compliance management or a full Company Register. The solution can also integrate with your other systems to avoid double entry of data.
The Analytics add-on module will help you to analyses your CbC figures in order to identify potential risks and work proactively to mitigate them. You will be able to define your own Key Performance Indicators (KPIs) and set thresholds to utilize the system to find potential risks. You can also work with the reported CbC figures to identify areas of interest and present them in various charts and graphs.
The solution includes a number of functions which will facilitate your work and give you powerful analytical possibilities. Combine analysis of KPIs and what business activity a company has reported to identify risks for certain types of business activity, or follow the Effective Tax Rate (ETR) and its deviation from the statutory tax rate. Our solution keeps track of historical data which allow you to follow risks over time and apply the correct basis for each year (such as historical statutory tax rates).
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