Tax Management & Accounting Services

Tax & Vat Alert

We provide a wealth of publications by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally. Through analysis and comment on new law and judicial decisions of interest, they assist business executives...

SA Budget 2012

Across the world, there is impatience at the slow pace and poor outcomes of international cooperation, and there is anger about the impact of financial and governance failures on ordinary people, on employment and on livelihoods. But anger is not enough – we have...

Paying Taxes 2013

Paying Taxes 2013 is a unique study from PwC, World Bank and IFC which looks at the world's tax systems from the business perspective, providing an ability to compare tax regimes in 185 economies using a case study company...

ED Practices and remuneration trends report 2012

As the global economy has shown signs of market recovery but not at the pace anticipated, we are finding companies are once again investing in recruiting and retaining talent in an effort to align people strategy with...

AfriTax News

Welcome to AfriTax, our quarterly newsletter which provides you with a snapshot of the most significant recent tax changes on the African continent. For more detail on the relevant changes, go to the link containing a detailed document summarising the changes...

Non-Executive Directors Report

Welcome to our sixth edition of the annual review of the practices and fees trends of non-executive directors in South Africa. For the first time, this publication looks at the risk landscape facing...

Tax Law Review

The introduction of the TAA (Tax Administration Act) is primarily intended to incorporate into one piece of legislation certain generic administrative provisions which are currently duplicated in various Tax Acts. Whilst this is a eaningful result in itself...

HR Quarterly

A monthly journal published by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally. Through analysis and comment on new law and judicial decisions of interest, it assists business executives to identify developments and trends in tax law...

Tax Synopsis

A monthly journal published by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally....

The tax function's ability to deliver value depends on how efficiently it can manage the elevated risk brought about by today's ever-evolving regulatory changes while deploying scarce tax resources toward value-enhancing initiatives in support of the company's business strategy.

Many tax functions struggle to strike the right balance and, out of necessity, have largely expended their tax resources on compliance or regulatory activities, such as improving financial statement reporting and addressing internal control concerns. Unfortunately, tax functions that focus on these activities to the exclusion of all others may feel trapped in an endless set of tasks with limited ability to focus on creating value and managing global tax risk. Retaining valued talent and resources needed to be successful can also become difficult in this stressful environment.

So what can a tax leader do to improve value creation and manage today's risks, while at the same time maintain efficient deployment of tax capital?

We recommend you start by asking yourself a few critical questions to determine whether your tax function is realizing its efficiency dividend.

  • How much time does your tax function truly spend on identifying and delivering value-enhancing strategies?
  • To what degree is your tax team integrated into your business?
  • How efficient is your provision and compliance process? Is data collected and manipulated efficiently through the ERP to support these calculations or is your quality driven by significant manual effort?
  • What is your IT strategy in tax? Are you leveraging your company's ERP investment?
  • Are your people currently working over-capacity? How is your morale in tax? How much turnover have you experienced among your tax resources?
  • Is your organization considering shared services or off-shoring strategies? Is tax participating in this effort?

Focus on where you'd like to be
Our Tax Management and Accounting Services consultants work each day with local and multinational companies in various industries to unravel the complexities of delivering value, managing risk and effectively increasing tax function capital.

Whether it involves helping you to identify and mitigate the risks inherent in your tax function through our integrated tax accounting and compliance outsourcing solutions, or helping you re-think how you are investing and deploying your tax capital through our tax operations strategy and tax data management solutions, we're here with an approach tailored to your unique needs.

To get in on the conversation and start realizing your efficiency dividend in tax, reach out to your local PwC tax professional.