With a lean four-person local finance team (including one tax manager) the Life Sciences Company has successfully relied on Wolters Kluwer CCH Integrator tax technology for several years. Previously, it worked across multiple spreadsheets without a central repository for its tax-related work papers.
Building an integrated tax governance framework
With over 100 years of history supporting primary health goals for people worldwide, this Life Sciences Company remains committed to its presence in Australia. As the life sciences industry has become more complex with evolving health demands, so has the administration and compliance of its local taxation obligations. The organisation updated its tax compliance and reporting software environment to support its goal for an integrated tax governance framework. This would see it streamline the navigation of the annual tax return process, plus better manage its requirements for the Tax Performance Program with the Australian Taxation Office (ATO).