01 - 02 Oct 2020Tax and Technology Masterclass
- Tax and Technology Masterclass
Overview and learning objectives
These are changing times. Today’s reality is: increased scrutiny from public organizations and governments; higher pressure on closing periods; and the introduction of new laws and regulations, such as CbC reporting. The level of information that needs to be provided to, for example, tax authorities is getting more and more detailed and, at the same time, the tax department in an MNE very much depends on data provided by different departments within a company. On top of that, tax departments may be facing a tighter budget. More frequent and more detailed output is expected from the tax department with the same amount of people or even fewer. Simultaneously, there are all sorts of new technologies, such as blockchain, robotics and articificial intelligence.
The key issue is how to effectively use these technologies, including data management and analytics, to achieve a high-performing tax function. Tax departments need to adjust to the aforementioned developments and decide on how they will adapt to these technologies. The tax function is impacted by this digital wave. The tasks and responsibilities of the people working in a tax department are changing. This may be a challenge, but it will also help employees to become more efficient and better connected. At the same time, tax authorities receive a lot of information through, for example, CbC reporting, while embracing the technological changes of today by instituting e-filing, e-audits and e-assessment. Technology not only raises challenges for MNEs, it also presents opportunities. For example, data analytics combines tax technical knowledge, large sets of data, technology and visualization tools to generate greater insight and foresight. In addition, technology makes it possible to spend less time on data gathering and preparation for use, which means more time can be spent on strategy and planning.
This advanced-level, interactive masterclass consists of case studies and sharing best practices. It is designed for participants who already have knowledge of international tax and want to gain a more in-depth understanding of the implications of digitalization on their day-to-day practice.
The masterclass is designed to provide an understanding of the finer details pertaining to digitalization and the transformation of the systems and the tax function in companies. Following a brief introduction to the individual topics, each session is complemented by a case study applying the principles in practice.
The course will help you to improve tax processes, show you how technology can enable you to transform the tax function within your company, and provide opportunity to exchange ideas with your peers.
Who should participate
The course is suitable for practitioners in tax advisory firms, in-house tax managers and tax directors, and tax technology managers/officers.
Course level and prerequisites
This is an advanced-level course. Participants will be expected to have a basic knowledge of the tax system of at least one country.
In order to participate in this particular course, no advance preparation is necessary.
Interactive Course – "Group Live"
To safeguard the interactive nature of the course, including group discussions and case studies, a maximum of 32 participants will be accepted. Early registration is therefore recommended.
We invite you to send us in advance any technical, content-related questions you may have. During the course we will try to address your specific questions, but please note that this will depend on the amount of time available, the relevance of the questions and the order in which the questions are received. Should you have a question, please send it to email@example.com.
Disclaimer: The information provided during the course has been prepared solely for the instruction of course participants. This information is not intended to constitute advice on any particular matter.
Continuing Professional Education
Recommended NASBA CPE points for this course: 12.5 (in accordance with the standards of the National Registry of CPE points, CPE credits are granted based on a 50-minute hour). Read more information on CPE points and accreditation for IBFD International Tax Courses.
Course fee and registration details
The course fee covers participation in the course, all course materials, lunch, coffee/tea and refreshments. The costs of accommodation and transport are not covered. If you have any other questions regarding attendance of the course, travel arrangements, payments and cancellations, please consult our FAQ.
- Setting the scene
- Technology landscape and record to report cycle
- Tax sensitization of financial systems
- Bird’s eye view: digitalization of tax authorities
- Data analytics
- Transformation of tax function
- Transfer pricing and technology