The Corporate Income Tax Spectrum (or just CIT Spectrum) web application offers a way to prepare and calculate tax returns as well as a seamless and digitised means to transmit the documents and information required for preparing the tax returns. This minimises the number of emails to be exchanged between you and PwC and reduces the number of questions associated with large Excel files. CIT Spectrum empowers you and PwC to communicate more efficiently.
There are two ways to use CIT Spectrum. The first way is to prepare tax returns in cooperation with PwC. The key feature of the app is the smart survey that will only offer you relevant questions based on the answers you’ve given. All communication between you and PwC will take place on a secure, cloud-based interface. Your PwC team will review your answers and then discuss areas of concern with you.
You can use CIT Spectrum to prepare your corporate tax return without PwC’s assistance, or use it to prepare monthly, quarterly, or annual estimates to track your company’s tax position throughout the year. Within the application, you can download an Excel calculation or a tax return form in both XML and PDF versions. The calculation and the PDF form can also be generated in English. If necessary, your PwC team will review your calculation and suggest adjustments.
Security
All communication between you and PwC will take place on a secure cloud interface.
Easy to use and user friendly
No complex training is required to use the app.
Compliance with legislation and continuous development
CIT Spectrum responds to changes in legislation and is continuously being improved based on user feedback.
Easy access
CIT Spectrum is a web-based application, so you can log in easily from anywhere using your web browser. No installation is required in your IT environment, though Google Chrome is recommended.
Czech and English
CIT Spectrum allows you to work in both Czech and English. Outputs in the form of tax calculations or tax return forms and other summaries of adjustments can be downloaded in both language versions.
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We tailor our solution to your needs. Whether you want to outsource your tax return preparation to PwC or need a reliable tool for in-house preparation and management of your tax returns, we’ve got you covered. Choose one of these packages to suit your needs.
For medium and small businesses
You get access to CIT Spectrum and prepare the return yourselves. This means you fill out the questionnaire and related tables and account notes, communicate in CIT Spectrum with the internal team, and generate the calculation and tax return form. You can do all this without even having to communicate with PwC.
For larger companies
The tax return is prepared by PwC, and you only use CIT Spectrum to communicate and share documents with PwC. All related communication is done through CIT Spectrum via questions. PwC’s output constitutes a tax calculation complete with comments and a tax return form.
For entities with a complex tax agenda
You can prepare your monthly/quarterly/annual tax estimates yourselves using the CIT Spectrum within the limited scope. Then, PwC takes your data and review it according to the agreed scope of work. PwC’s output constitutes a tax calculation complete with comments and a tax return form.