Mastering BEPS Pillar Two: Streamlining tax compliance with CCH Integrator

Following the completion of year-end reporting in the UK, multinational enterprises (MNEs) are now facing the next reporting priority - BEPS Pillar Two reporting. This entails complying with new requirements and gathering increased data points to calculate Pillar Two top-up tax liabilities and meet disclosure obligations. Understandably, tax teams are preparing for a significant compliance burden. Fortunately, Wolters Kluwer has developed a solution to help impacted organisations manage and streamline complexities associated with Pillar Two reporting.

Recognising the potential complexities and challenges faced by MNE tax teams in navigating evolving tax regulations, Wolters Kluwer has introduced a BEPS Pillar Two technology solution. Built on their robust corporate tax performance management platform, CCH Integrator, this solution aims to transform the management of tax reporting and compliance.

The BEPS Pillar Two solution is crafted to simplify the complexities of compliance and reporting obligations brought about by BEPS Pillar Two. By harnessing advanced technology, Wolters Kluwer's solution enables tax teams to navigate and automate Pillar Two obligations efficiently, ensuring accuracy and effectiveness in compliance efforts.

Wolters Kluwer is joining BDO UK in an upcoming webinar taking place on April 24 to discuss the importance of BEPS Pillar Two readiness and how to leverage technology to simplify and automate Pillar Two compliance. The collaboration with BDO provides customers with the expertise of a leading global tax advisory firm, combined with customisable solutions tailored to their specific needs. Ultimately, the collaboration between BDO and CCH Integrator empowers customers to navigate tax complexities with confidence, driving compliance and optimising business outcomes.

"We are excited to collaborate with BDO to showcase practical steps to assessing and preparing for BEPS Pillar Two," says Lucia Higgs, Consulting Services Manager, Enterprise Software at Wolters Kluwer.

Whether used independently or integrated with the platform's tax provisioning functionality, MNE tax teams can access a comprehensive suite of tools tailored to their specific requirements. This adaptability facilitates seamless integration into existing workflows, minimising disruptions and maximising productivity.

"Wolters Kluwer's BEPS Pillar Two solution marks a significant advancement in simplifying and streamlining tax reporting and compliance for multinational enterprises. By leveraging advanced technology and domain expertise, CCH Integrator empowers tax teams to navigate the complexities of Pillar Two obligations confidently and efficiently. As MNEs gear up to tackle evolving tax regulations, we are here to provide steadfast technology support to help modernise their tax function," says Lucia.

Join BDO and Wolters Kluwer in this upcoming webinar to discover how this flexible and cost-effective technology solution can help empower your tax teams and streamline global compliance and reporting processes.