In today’s rapidly evolving and technology-driven regulatory environment, businesses and governments have had to change their operations to stay profitable and compliant. Everything from cloud computing to machine learning and AI to the Internet of Things (IoT) are opening new revenue streams and altering supply chain models. Following the COVID-19 pandemic, businesses and governments once again had to adapt to a new way of life and how consumers were seeking products, ensuring that items were being taxed correctly. It’s more clear than before that tax analysts need a wide array of skills to ensure their company stays compliant.
Indirect tax professionals must be able to work in a global environment, understand evolving business goals and know how to properly dissect data and present it in a meaningful way. Furthermore, these individuals must remain current on the latest technologies to ensure that their business continues to be efficient and compliant in all indirect tax requirements.
Here are five key tax analyst skills that will ensure a business finds success with indirect tax.
Source: SOVOS
