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 euros), where the data management requirements across jurisdictions are significant and not manageable in a spreadsheet environment.
How Loop Wise Solutions implements Oracle TRCS
We implement Oracle TRCS for GCC enterprises — including ZATCA Tax Reporting configuration, UAE corporate tax provisioning, and Pillar Two data management. Learn more about our Oracle EPM and Hyperion services.
Answers before you ask.
TRCS supports the corporate tax provision — calculating current and deferred tax — along with effective tax rate reconciliation, country-by-country reporting, and management of tax positions across jurisdictions. It draws on the same data used for consolidation, reducing the manual re-keying and spreadsheet risk that traditionally surround the tax close.
Tax provisioning depends on the same entity results used in the financial close. When tax runs on disconnected spreadsheets, figures drift out of step with the consolidated accounts. Feeding TRCS from the consolidation data keeps the tax provision aligned with reported results, shortens the close, and gives auditors a clear line from accounts to tax numbers.
For Saudi entities it includes a configuration layer aligned to ZATCA tax reporting requirements, helping groups meet local obligations within the same platform used for their wider tax provision. This matters for multinationals managing Saudi subsidiaries alongside other jurisdictions, where consistency between local filing and group reporting reduces both effort and risk.
Country-by-country reporting (CbCR) requires large multinational groups to disclose revenue, profit, tax paid, and other measures per jurisdiction, under OECD BEPS rules adopted by many tax authorities. It exposes where profit and tax sit relative to activity. TRCS helps assemble this data consistently, which is demanding to produce reliably from spreadsheets alone.
No. It automates calculation, data collection, and reporting, but interpreting tax law, judging positions, and defending them with authorities remain expert work. TRCS gives tax teams a controlled, auditable environment and removes manual drudgery, freeing specialists to focus on judgement rather than assembling numbers.