Managing Compliance in a Complex World is challenging!

Today’s unprecedented rapid economic changes and evolving regulatory focus are forcing companies to rethink the way they do business. Faced with resource constraints, tax and finance departments should be concentrating on higher value activities, such as strategic tax planning, risk management and how to better integrate the tax function with the rest of the business to bring more value-add. However, many of them often spend a disproportionate amount of time on compliance activities. To better manage / utilise resources, companies should be taking a closer look at how they can better manage their compliance obligations on a world-wide or regional basis to enable them to channel resources to focus on more value adding aspects for their businesses.