PwC India has launched the Navigate Tax Hub, a new platform that uses AI technology to help clients with their tax and regulatory requirements.
The Navigate Tax Hub is designed to handle many routine tasks that tax professionals deal with. It can help with in-depth research on complicated tax issues, drafting common tax documents (like legal letters and tax position papers), and planning and analysing business deals.
Sanjeev Krishan, Chairperson, PwC in India, said, “As a tech native business, we see technology not just as an enabler but as a catalyst for reinvention. Navigate Tax Hub exemplifies this shift. This also reflects our commitment to harnessing GenAI responsibly to support kal ka Bharat and help Indian enterprises navigate tax and regulatory complexities with confidence while shaping a globally competitive future.”
Unlike regular tools, Navigate Tax Hub uses PwC’s special methods based on their expertise in tax. This means that the answers provided follow established tax rules, consider all important legal aspects, and reduce the chance of errors. Now that AI has become more reliable, companies can transform their tax and finance functions in meaningful ways and achieve benefits that were previously thought to be impossible.
“Navigate Tax Hub marks a paradigm shift in how tax teams work and think. It signals the beginning of seamless AI-human collaboration, setting the new normal for the next generation of tax functions,” said Siddharth Mehta, Partner & Tax Technology Leader, PwC India.
“With Navigate Tax Hub, we are redefining trust in tax technology. The platform is purpose-built to reference an organisation’s own documents, which are kept entirely secure. With anytime-anywhere access enabled through mobile app, MS Word plug-in, etc., this is a significant leap in integrating GenAI directly with the unique needs of the tax function,” said Kunj Vaidya, Partner and Tax & Regulatory Markets Leader, PwC India.
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