The client needed a tool to support the company valuation for inheritance / gift tax purposes and the calculation of the inheritance tax burden, especially for groups of companies in a country like Germany, since this is a process rather complicated and very demanding in terms of effort.
Sector: Tax Services
Period work performed: Dec 2018 – Jun 2020
In this engagement we formed a multidisciplinary team including business consultants, UX/UI specialists, software developers and software quality assurance specialists to analyze, design, develop and successfully deliver a solution that would meet client’s expectations, expressed through its requirements. It was used an agile approach consisting in a set of sprints, each delivering a set of high valued features that, in the end of the final sprint would make the solution. The sprints were planned based on the cost/benefit of the features represented on the products backlog. To be ready for development, each feature would have to pass through a business requirement analysis, a UX/UI design and a technical specification. The sprint itself consisted in the development and tests of the features planned. The technology used was Outsystems as a development platform and Jira as a project management support platform.
“The collaboration with PwC Portugal was highly successful. With the agile and business-value-focused approach of the development, we were able to adjust the scope where necessary and achieved the best working tool-solution for our business needs.”
This tool enables our client to set up the required statement of compound assets to perform the tax relief and tax burden calculation on German territory. Additionally, the value of each company is calculated by comparing the substantive value method and the capitalized earnings method.