Oracle Tax Reporting Cloud (TRCS) is Oracle’s cloud product for corporate tax provisioning, deferred tax automation, country-by-country reporting (CbCR), and multi-jurisdiction tax position management — and for organisations in Saudi Arabia, it includes the configuration layer for ZATCA Tax Reporting requirements.
TRCS provides tax teams with a structured, auditable environment for calculating and documenting current and deferred tax positions across multiple jurisdictions within the same EPM framework that handles financial planning and consolidation. Tax provisions that are currently calculated in spreadsheets, manually entered into the consolidation, and reconciled offline at each close become part of the standard FCCS close workflow when TRCS is implemented.
For enterprises in the GCC, TRCS is particularly relevant in three contexts: Saudi Arabia’s ZATCA Phase 2 requirements (where TRCS can be configured to align the EPM tax reporting layer with ZATCA data structures), UAE corporate tax introduced in 2023 (where multi-entity UAE groups need a managed tax position environment), and Pillar Two (the global minimum tax applying to groups with consolidated revenue above €750 million), where the data management requirements across jurisdictions are significant and not manageable in a spreadsheet environment.