VATupdate

Digital transformation and VAT returns

During the course of 2020, the acceleration of the adoption of digital technology was extraordinary.

Analyst predictions for the growth of the digital world were blown out of the water when we were confined to our home and reliant on living our lives and conducting business solely online. While restrictions have eased in many countries, this shift towards the increased reliance of technology is unlikely to revert to previous use. In fact, data now suggests that 95% of purchases will be made online by 2040.

Source Avalara

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