S/4HANA is the most important, but by no means the only, data source for the tax department. With regard to data management, it can be said that a tax department should utilise as much data as possible from S/4HANA in as granular a form as possible and should make a particular effort with regard to data quality.
At its core, S/4HANA as an ERP system is not a calculation, compliance and/or reporting tool. A tax department must therefore consider a combination of S/4HANA and other solutions in the sense of a comprehensive tax architecture, ideally for a tax reporting platform.
Source RTCsuite
Click on the logo to visit the website
Latest Posts in "World"
- Book: The Essential Guide to e-Invoicing for Tax Professionals
- Global Developments in Electronic Cash Register Regulations: Regional Trends and Timelines (2025–2028)
- European Countries Adopt Real-Time VAT Reporting to Combat Fraud and Close Tax Revenue Gaps
- Global VAT legislative Changes as of January 1, 2026
- IMF’s Reverse Method: Estimating Global VAT Compliance Gaps Without Costly Audits Across 111 Countries
