Tax Reporting and Planning in Anaplan

Transparency of fiscal data

In addition to the new legislation of country-by-country reporting for multinationals, tax paid by country is becoming increasingly important.

Due to these changes, organizations are growing the need for detailed and up-to-date insight into tax positions by entity and country. This requires a practical and efficient solution for global tax reporting. Organizations no longer want to spend inefficient time and collect complex data, but rather analyze it.

Flexible Reporting tool

A reporting tool that creates overview and insight is not always easy to find. We often see that reports consist of complicated and confusing data or formulas that cannot be understood by everyone. Anaplan offers possibilities to build in (additional) reporting capabilities without the help of IT. This promotes user-friendliness and flexibility for everyone within the Tax department.

Technical knowledge is not required; the Tax Reporting App is customizable for each user and visualization of the data can be set up separately for everyone, without impacting the integrity of the data. Anaplan also has a high degree of flexibility, making it easily adaptable to changing circumstances.

By optimizing the tax processes, labor-intensive and time-consuming tax reports are a thing of the past. The processes are faster and more stable, preventing noise and providing a clear and up-to-date picture of the current state of the tax processes.

Corporate Tax Reporting app

Anaplan's Corporate Tax Reporting app is a new planning and modeling tool that supports the growing demands of the tax environment. This solution simplifies information gathering around tax risk monitoring and planning.

Manual and error-prone work is a thing of the past as data is automatically uploaded. Data quality assurance is already built into the App. This means that all incoming data is checked against master data. Deviations in the data are immediately visualized in a dashboard.

The tax reporting app enables companies to effectively report tax information easily. Because you can integrate the app with current Performance Management applications, you can collect reliable data from across the organization.

More than 100 planning apps are available in the app that are easy to implement. For those who want to fully customize a planning app, it is also possible to build your own apps. Other benefits of Business Tax Reporting with Anaplan are:

Tax Reporting in the Cloud

Increasingly, organizations are seeing a strong need for accurate data available to the entire organization. The tax reporting app is fully available in the cloud and has a simple interface, with information accessible anytime, anywhere. For example, the Tax department has access to the same figures as the Finance department.

Flexible reporting solutions

In addition to Corporate Tax Reporting, Anaplan offers reporting solutions for DAC6 and Transfer Pricing.

DAC6

Anaplan supports organizations with the Mandatory Disclosure Rules (MDR), also known as DAC6. It creates greater transparency by requiring companies and tax service providers to disclose cross-border structures.

Transfer Pricing Documentation

Does your company operate in different countries? Then transfer pricing is mandatory and you must comply with the legal requirements of this. Anaplan offers transfer pricing processes by providing an integrated platform where data is linked and reports are easily available.