Digital tax administration

On the bag of multiple laws forcing Tax Authorities to process large volumes of data, they have taken this opportunity to rapidly increase their use of technology and big data especially.

Tax administrations globally are driving the shift to digital tax in response to:

  • Budget deficits
  • Search for new revenue sources
  • Reliance on indirect taxes, reporting transparency and information-sharing between countries
  • Technology advances

Companies need to have visibility and structure around the data sources, formats and content delivered digitally to governments around the world. Failure to do so can lead to:

  • Risk of real-time audits and automatic assessments
  • Increased tax penalties
  • Refund denials or delays
  • Reputational and operational risks

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