Never miss a CTX deadline: compliance dashboard

We're excited to share the latest updates to the Loctax compliance app. The new dashboards are designed to make managing your corporate taxes simpler and more efficient.

Here's what's new:

Automated compliance status reports: Save time by using the dashboard to show your tax compliance status for the whole organization, specific countries, or just 1 entity. No need to create extra reports; everything you need is right there.
Clear Overview: Quickly understand your upcoming tasks and review what you and your team have completed. This feature is great for keeping track of your workload and ensuring you're prepared for busy periods.
Better Planning: Our improved dashboard shows when tax deadlines are approaching, helping you plan ahead and avoid last-minute stress and penalties.
Spot actionable insights: Use the dashboard to compare different data points, like how your tax situation looks in different countries or how it changes over time. This can help you identify where you need to focus your efforts.
Quality Checks: Easily find and fix missing information to ensure your dashboard is accurate and useful

In the video below, our customer success manager Arjun demonstrates the dashboard:

Some key features of the corporate tax dashboards:

A combined view of upcoming deadlines and a holistic overview of the whole financial year.
A tabular view per country on compliance status and aggregated tax data including 'tax charge' and 'tax prepayments made'
The ability to filter the CTX compliance dashboards for a country or region;
Exclude CTX consolidation members from the dashboards that are not subject to individual filings in their jurisdiction by using the built-in toggle.

If you haven't yet discovered our platform's capabilities, we invite you to schedule a demo. Experience for yourself how we can assist your organisation in advancing its tax maturity.

Other improvements and bug fixes

General

Update sidebar styles and icons to match new branding
"Hide column" options are now displayed in a dropdown
Document names can now be up to 512 characters long

Entities

Audits is now named Controversy in entity tab
You can now unset an entity legal form. Previously, you could not remove an entity's legal form.
Added entity types: Joint venture and Associated company
Shareholders participation now supports 4 digits

IDT

Isle of Man now has stagger groups

Microsoft Office integration

Added support in Audits
Added support for Notes

Risks

Filter added to the risk register page: Tax Scope
Currency is now pre-filled based on country selection
Risk register table now supports Amount, Penalties, Interests, Total gross exposure
Tax Scope: We have added two categories: ESG taxes and Customs. Both new categories will be reflected in the dashboards as well
Added risk type: Financial

Projects

Documents on the timeline should load significantly faster
Users that do not have edit rights will no longer see the share button

Roles & Permissions

Custom access to Group info (full access): We have released the functionality that you can customize the access of the group info page for custom roles

Workflows

For data request tasks, we show all files uploaded. Previously, these files were hidden as collapsed.

Tasks

If you try to access a task that does not exist, the user will see a clearer error message
Task List: Removed “group by workflow steps” option
You can now add multiple documents at the same time in a task comment

DAC6

You can change the users to be notified after the DAC6 ticket is created
Subscribed users will get a notification when the dac6 ticket was updated
Notifications will pick the correct person who created or updated the ticket

Public API

Shareholders are now accessible through the public API

Microsoft Office Integration

When you add an attachment, the button will now appear immediately
Task description attachments now have microsoft office support

Transfer Pricing

Renamed Transfer pricing panel name to Local file
One Local file can now be attached to multiple entities for a given financial year.

Workflows

Gathered data will no longer error if a workflow task was deleted

Audits

Users with viewer Role can now open an audit

Compliance dashboards

The improved compliance dashboards
Made improvements to CTX Compliance dashboard
Added TP Compliance dashboard