PwC India has introduced the Navigate Tax Hub, a platform that integrates generative AI (genAI) to assist in tax and regulatory activities.
The platform has been developed in line with the company’s Vision 2030 initiative, the accounting giant noted in a statement.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Navigate Tax Hub combines the capabilities of AI technology with the tax knowledge base of PwC India and includes a library of tax content from authoritative sources such as Taxsutra.
The platform is engineered to improve the operational efficiency of tax departments and provide more effective support to organisations.
PwC India chairperson Sanjeev Krishan 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.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe platform is designed to handle a broad range of tasks commonly undertaken by tax professionals, including in-depth tax research and analysis, preparation of various tax documents, and strategic planning for business transactions and contracts.
The Navigate Tax Hub leverages PwC’s proprietary logic, driven by the firm’s experience in the tax sector, the statement noted.
This approach ensures that the platform’s outputs are “aligned with established tax principles”, fully consider legal requirements and reduce the “hallucination” associated with AI technologies.
PwC India Partner & Tax Technology leader Siddharth Mehta stated: “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.”
Last month, PwC India disclosed its intention to expand its workforce to 50,000 within the next five years, including the creation of 20,000 new positions.
The company also committed to allocating more than 5% of its annual revenues to investments in technology and innovation as part of its Vision 2030 strategy to triple its revenue over five years.
