News

Choose another category
control of your Legal entity management

13 March, 2023

You must be in control of your Legal entity management data to be Pillar 2 compliant 

We have reviewed the data you need to manage to comply with the Pillar 2 process. Below is some information on legal entity data that will be essential to control.   Several new compliance tasks have been introduced that affect the tax department. These tasks require you to control your legal entities and data around the […]
The interaction between Safe Harbour and QDMTT

7 February, 2023

The interaction between Safe Harbour and Qualified Domestic Minimum Top-Up Tax

The interaction between Safe Harbour and Qualified Domestic Minimum Top-Up Tax increase the need for solutions outside of your accounting and tax accounting systems  Assumably, many countries will implement a local Qualified Domestic Minimum Top-up Tax (QDMTT) which will decrease the number of entities in a group where a full data collection process is needed. […]
rethinking organizational charts

3 February, 2023

Legal entity management – rethinking organizational charts

How to succeed in automating and delivering org charts to the group In many organizations, maintaining and updating org charts could be challenging. Entities may have changed names, become dormant, or a change in the ownership structure has taken place. Changes such as these must be reflected in the org charts you maintain for the […]

28 December, 2022

How do you know if you need a (new) legal entity management solution?

In this article, we will look at why people decide to license a legal entity management solution. There are different reasons why you start using a legal entity management solution. Some reasons are similar for most groups, whereas others are very specific for some groups. There are also different reasons to utilize a legal entity […]

13 October, 2022

Rethinking legal entity management

With the focus on digitalization and the development of legal functions in multinational companies, a person responsible for entity management needs to revisit the way of working with data collection. In discussion with our customers, we notice a focus in the following areas. A need to increase the quality of the entity management data Secure […]

16 August, 2022

Why you want to avoid using the group accounting & tax accounting systems for Pillar 2 reporting

This article will look at challenges you face when implementing a solution for Pillar 2 reporting with a specific focus on data collection. The Pillar 2 rules are complex and require you to implement a solution that supports several steps to determine if you need to pay any top-up tax. In general, there are two […]
Utilize Palantir to collect and structure global data

25 May, 2022

Tax regulations drive the need for increased quality in legal entity management and master data

Background The tax department manages many different processes where data control related to legal entity management and the legal ownership structure (Master Data) is vital. There are an increasing number of Tax-related obligations that require groups to file and disclose more data than ever before. Internationally the focus is on Corporate Tax Transparency, with the […]

30 March, 2022

Blika acquires German company audimex, increases sales, number of offices, and growth

The Swedish platform and compliance company Blika makes its first acquisition in Europe, the software company audimex, immediately after the investment company Main Capital becomes the new principal owner. Blika wants to increase growth in Europe rapidly. This acquisition provides two new offices in Germany and the possibility to reach both Austria and Switzerland customers […]

28 March, 2022

Dutch Main Capital is the new principal owner of the platform company Blika

The Swedish platform and compliance company Blika has a new principal owner. The Dutch investment company Main Capital has acquired 60 percent of the business to expand Main’s portfolio of software services aimed at the headquarters of multinational companies. Blika will gain greater reach and growth opportunities in Europe with the acquisition.  – Main has […]

11 November, 2021

Public Country-by-Country reporting introduced in the EU

Today the European Parliament adopted the legislation for public country-by-country reporting. The adoption means that member countries have 18 months, after the legislation enters into force, to introduce national legislation which mandates multinational companies to disclose certain CbC data. The legislation also covers foreign groups with EU-based entities. The new compliance requirement may want you […]
Peter Öhling CEO of Blika

28 September, 2021

Blika announces alliance with KPMG Switzerland

Blika Solutions AB, a leading tax and legal SaaS provider, and KPMG AG in Switzerland, one of the leading providers of professional services in Switzerland, have entered into an alliance to provide Blika´s technology solution to the Swiss market. “We are delighted to work together with KPMG to provide our technology to their customers. Together […]

10 September, 2021

Time to prepare for your Country by Country filing

CbC reporting has been running for some years, and you have probably implemented a CbC process to help you collect and produce the XML file. Now you may want to refine your process to improve control, make the process more efficient and increase the analysis. Improving your process may be important since the tax authorities […]