Maintain tax master data

Trigger: A change in tax regulations, corporate structure, or the creation of new taxable entities necessitates an update to central tax records.

1. Identify changes in tax regulations or organizational structure
2. Assess the impact on existing tax planning and master data
3. Gather required tax attributes and documentation
4. Update the tax master data in the central financial system
5. Validate the entered data for accuracy and jurisdictional compliance
6. Approve and publish the updated tax master records

Outcome: The central tax master file is current, accurate, and globally accessible to ensure alignment with financial goals and tax compliance.