Bloomberg Tax launches next generation of Tax Provision
Bloomberg Tax says the updated platform adds global provision features, multi-currency reporting and interim calculations for corporate tax teams.
Bloomberg Tax said on Aug. 3, 2026, that it has launched the next generation of Bloomberg Tax Provision, a platform for corporate tax teams that handle income tax reporting and provision work.
The company said the new version adds global provision capabilities, enhanced interim reporting, greater reporting flexibility, productivity improvements, enhanced rate reconciliation, multi-currency reporting and detailed interim calculations. Bloomberg Tax also said the platform is designed to help multinational organizations keep calculations audit-ready through the provision process.
Bloomberg Tax said the platform embeds ASC 740 logic directly into the software. ASC 740 is the accounting standard that covers income taxes in financial reporting. The company said that approach reduces reliance on spreadsheet-based processes.
The announcement was datelined Arlington, Virginia, and the release identifies Bloomberg Tax as part of Bloomberg Industry Group, an affiliate of Bloomberg L.P.
Evan Croen, identified in the release as head of Bloomberg Tax, said tax professionals face growing global complexity and need technology that supports connected workflows and confidence in calculations.
Bloomberg Tax said the product is part of its Tax Suite of Solutions and is available at aboutbtax.com/bmsa.
What comes next is a rollout of the updated platform to customers using Bloomberg Tax Provision, according to the company’s announcement.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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