Comprehensive tax provision

Work with the most current data
Streamline your tax provision process by directly accessing financial data from your general ledgers or financial consolidation system. Your tax calculations will use the most current data, giving you better accuracy and speed.

Calculate tax provision
Calculate the tax provision and automatically generate tax journal entries. Tax provision is calculated from the lowest level (legal entity) all the way up to the consolidated tax disclosure. These calculations address US GAAP and IFRS requirements out of the box.

Complements your existing tax compliance software
Import tax return details directly from your tax return software, reducing the need for manual processes. You can also export tax provision and trial balance to the tax compliance software at the push of a button.

Country-by-country reporting

Automatically populate country-by-country data
Automatically fill in the country-by-country reporting (CbCR) template directly from your ERP or financial consolidation systems. Provide complete transparency back to the source financial numbers.

Analyze tax data
Leverage dashboards that include pre-built key performance indicators (KPIs) for typical audit flags such as revenue by employee and return on equity.

Prepare locally, collaborate globally
The corporate tax group can collaborate on local files with users around the world by incorporating tax reporting details into Oracle Cloud EPM Narrative Reporting.

Improve tax processes

Automate with tax schedules
Completely automate processes that usually use spreadsheets with the tax schedule capability. Data collection, calculation, and analysis can all be automated, including supporting work papers for tax provision, tax compliance, research and development (R&D) credit, uncertain tax positions, and any tax data.

Track performance with dashboards
Maintain a tax calendar with important dates and workflow for key business processes in corporate tax (for example audit management, tax provision, country-by-country reporting, tax compliance, and more).View the status of the tax close process at any time.

Meet critical deadlines
Evaluate shipping choices and associated costs including transportation and handling fees, insurance, duties, and taxes, to determine the most cost-effective option.