In a global digital economy, tax administrations are constantly striving for visibility of the end to end supply process through the use of technology tools that automate the tax reporting process, from e-invoicing to digital reporting and e-accounting, the world of taxation and compliance is being digitalized.
The evolution of tax technologies used by the tax administrations is disruptive, and promotes radical changes in the way that taxpayers interact among themselves, with their customers, related parties and with the government.
Governments will continue to move forward on their technological evolution path that translates into the continuous issuance of new regulations and requirements imposed on taxpayers, having a proactive approach to these changes with a defined tax technology strategy that includes an einvoicing and digital reporting policy will provide organizations with cost savings and efficiencies.
To assist business in keeping track of tax administration developments in e-invoicing and digital reporting, we have created this global tracker. We hope it assists you.
Source KPMG
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