Tax Compliance

Deloitte’s AI-Driven Transaction Tax Compliance Solution can transform the complex landscape of transaction tax management into a streamlined, automated, and accurate process. The solution begins by validating tax determinations for each transaction, flagging unusual patterns or inconsistencies to reduce risk and determine compliance. AI agents continuously monitor tax rate changes across jurisdictions, automatically updating systems to reflect the latest requirements and minimizing manual rate maintenance. Exemption certificate management is automated, with AI tracking expiration dates, validating certificates, and issuing alerts to prevent lapses. The solution actively monitors business activities for sales tax nexus triggers, alerting teams to new obligations as economic thresholds or physical presence change. Use tax accrual is fully automated, with AI identifying purchases requiring accrual and posting liabilities directly to the ledger. Tax return preparation is accelerated as AI aggregates and reconciles all necessary data, determining accuracy and completeness for filings. Audit trail documentation is maintained, with AI organizing invoices, certificates, calculations, and correspondence into audit-ready packages. Multi-state compliance is simplified as AI tracks obligations, deadlines, and registration requirements across all relevant jurisdictions, providing automated reminders and compliance status updates. Tax code mapping is enhanced by AI suggesting appropriate codes for products and services based on descriptions and taxability rules, reducing errors and manual effort. A dynamic compliance calendar is maintained, with AI issuing timely reminders for all filing and payment obligations. The solution also supports income tax provision calculations by automating data aggregation and variance analysis, while remediation management is streamlined as AI tracks correction efforts, calculates interest and penalties, and helps ensure timely resolution of compliance issues. By orchestrating transaction tax compliance, Deloitte’s solution enables organizations to minimize risk, reduce manual workload, and maintain full visibility and control over their tax obligations. This professional service utilizes Amazon Bedrock, Bedrock Agents, Strands Agents, Lambda and OpenSearch.