Measures the accuracy of tax filings, ensuring they comply with tax regulations.

What it Measures ?

Are our tax filings correct and on time?

Relevant StakeHolders 

Tax Team, CFO

In-depth Use Case / Real-world Example

Tax Filing Accuracy is the percentage of tax filings that are completed without errors. For example, if a company files 100 tax returns in a year and 98 of them are accurate, the accuracy rate is 98%. Accurate tax filings are essential to avoid penalties, legal issues, and audits. Monitoring this KPI ensures that a company remains compliant with tax laws and avoids unnecessary costs associated with correcting errors or handling tax-related disputes.