{"id":3650,"date":"2023-10-11T10:04:13","date_gmt":"2023-10-11T10:04:13","guid":{"rendered":"https:\/\/ceo.com.pl\/en\/?p=3650"},"modified":"2023-10-11T10:04:13","modified_gmt":"2023-10-11T10:04:13","slug":"outsourcing-on-the-rise-as-businesses-seek-to-adapt-to-changing-tax-landscape-53544","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/outsourcing-on-the-rise-as-businesses-seek-to-adapt-to-changing-tax-landscape-53544\/","title":{"rendered":"Outsourcing on the Rise as Businesses Seek to Adapt to Changing Tax Landscape"},"content":{"rendered":"<p>The globalization of regulations, frequent changes in the law, and the growing digitalization of settlements are prompting businesses to reorganize their tax functions and teams. It&#8217;s becoming imperative for companies to hire external experts, who not only possess the necessary legal knowledge but also valuable experience gained from working on international projects. According to the Tax Transformation Trends 2023 report by Deloitte, 74% of companies are outsourcing in at least one tax area.<\/p>\n<p>The authors of the report examined trends and processes affecting the current situation of tax functions in businesses. Their diagnosis was based on a survey conducted among 300 tax and finance leaders representing companies of various sizes, sectors, and regions. Several qualitative studies were also used to identify patterns.<\/p>\n<p>38% of the respondents believe that the area of tax reporting is one of the top three priorities for tax departments. Alarmingly, 43% felt that the main challenge over the next 3-5 years will be the flexible adaptation to changes in tax law.<\/p>\n<p>\u201cNumerous new regulations, such as e-reporting in the VAT area or the introduction of the global minimum tax &#8211; Pillar II, are particularly demanding. This is due to the need for new IT systems. Professionals in this field must have competencies both in finance and accounting as well as in IT,\u201d says Pawe\u0142 Hulewicz, an associate partner in Deloitte&#8217;s tax technology team.<\/p>\n<p>Other priorities mentioned by respondents include effective tax rate management (37%) and implementing regulations and obligations related to ESG (33%). Effective action in these areas often requires expert knowledge, typically beyond the qualifications of internal company employees who have usually focused only on strictly tax aspects.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceo.com.pl\/en\/outsourcing-on-the-rise-as-businesses-seek-to-adapt-to-changing-tax-landscape-53544\/#Modern_Technologies_Increase_Outsourcing_Demand\" >Modern Technologies Increase Outsourcing Demand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceo.com.pl\/en\/outsourcing-on-the-rise-as-businesses-seek-to-adapt-to-changing-tax-landscape-53544\/#International_Regulations_Require_a_New_Approach\" >International Regulations Require a New Approach<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceo.com.pl\/en\/outsourcing-on-the-rise-as-businesses-seek-to-adapt-to-changing-tax-landscape-53544\/#Challenges_in_Hiring_Specialists\" >Challenges in Hiring Specialists<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Modern_Technologies_Increase_Outsourcing_Demand\"><\/span>Modern Technologies Increase Outsourcing Demand<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The growing need for specialized yet multidisciplinary skills essential for fulfilling tax obligations is increasing entrepreneurs&#8217; tendency to seek support through outsourcing. Interestingly, when asked about the significant benefits of external support, respondents cited access to the latest technology (80%) and the expert knowledge of subcontractors (80%). Only third came reduced operational costs (78%).<\/p>\n<p>\u201cTo meet today&#8217;s challenges, it&#8217;s essential to focus on the key role of technology in many aspects of tax operations and transforming this function in the company. Cooperation with an outsourcing partner can be a vital element of the strategy for tax departments aiming for efficiency and data access. The ability to use modern technological tools is increasingly valued, and outsourcing allows for their effective acquisition without significant capital investment,\u201d says Piotr \u015awi\u0119tochowski, a partner and leader of the expert support team for financial departments and shared services centers at Deloitte.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"International_Regulations_Require_a_New_Approach\"><\/span>International Regulations Require a New Approach<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The coronavirus pandemic led to a global shift towards hiring external tax service providers. Exceptional state regulations and the need for modern solutions accelerated business changes. Comprehensive data management and integrated systems are required for effective global compliance.<\/p>\n<p>Although the trend has stabilized, the dynamic development of technology use in settlements and tax reporting remains an important reason to seek external expert support. In Poland, a significant challenge related to time-consuming and intricate processes is the extensive preparations for implementing electronic invoicing within the National e-Invoice System (KSeF).<\/p>\n<p>\u201cBy mid-next year, key regulations introducing the mandatory use of KSeF will come into force. Although financial penalties for non-compliance will not be imposed immediately but with a six-month delay, it&#8217;s essential to ensure the smooth implementation of e-invoicing in companies. It&#8217;s worth noting that invoicing isn&#8217;t just a tax process but is a crucial business process. The successful implementation of KSeF will directly affect operational efficiency,\u201d says Norbert Wasilewski, an associate partner in Deloitte&#8217;s indirect tax team.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Challenges_in_Hiring_Specialists\"><\/span>Challenges in Hiring Specialists<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When asked about challenges in the coming years, 35% of respondents anticipate difficulties accessing tax specialists. Some claim that individuals with a unique set of skills, combining tax-law knowledge, financial understanding, and technological competencies, are practically unfindable in the job market.<\/p>\n<p>Broad competencies are increasingly demanded, especially among tax department employees aspiring to play a role close to business consultancy. Both soft skills, such as communication, teamwork, and quick adaptation to changes, and technical abilities like knowledge of new IT systems are vital. Tax departments are restructuring and adapting to a changing legal and regulatory environment, thereby creating professional teams equipped with the required skills, especially in data management and technological knowledge.<\/p>\n<p>Respondents also highlighted a high demand for team members proficient in \u201ctransactional taxes\u201d (35%), risk management (29%), and communication (10%). Interestingly, compared to 2021, there has been a decrease in the percentage of those noticing the need to strengthen their teams in the field of specialized tax knowledge (40% in 2021 vs. 36% now) or technological transformation and process redesign (43% two years ago vs. 29% today).<\/p>\n<p><strong>About the Study:<\/strong><\/p>\n<p>This report presents the key findings from a broader biennial study on tax transformation trends aimed at tracking market changes. Deloitte surveyed 300 senior tax and finance leaders from Asian, European, and North American companies across various industries and sizes. They also conducted a series of individual qualitative interviews with senior tax executives in large international companies to gain deeper insight into their tax transformation efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The globalization of regulations, frequent changes in the law, and the growing digitalization of settlements are prompting businesses to reorganize their tax functions and teams. It&#8217;s becoming imperative for companies to hire external experts, who not only possess the necessary legal knowledge but also valuable experience gained from working on international projects. According to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10,12],"tags":[2789,57,2767,3121,2793,3323,3835,2722,3836,3837,2754,64,3612,2778,2941],"class_list":["post-3650","post","type-post","status-publish","format-standard","has-post-thumbnail","category-law","category-outsourcing","tag-beyond","tag-deloitte","tag-element","tag-esg","tag-insight","tag-ksef","tag-norbert-wasilewski","tag-outsourcing","tag-pawel-hulewicz","tag-piotr-swietochowski","tag-play","tag-poland","tag-shared-services-centers","tag-teams","tag-vat"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/3650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=3650"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/3650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/2895"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=3650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=3650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=3650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}