Are you ready for real-time tax audits?

The digitisation of tax is taking different forms in different countries. From Standard Audit Files for Tax, used by several countries in Europe, through to Chinese ‘fapiao’ invoices, each country has developed its own methods with varying degrees of sophistication.

To ensure ongoing VAT compliance, and in preparation for real-time audits, it’s crucial that organisations have access to quality data, processes, and technologies…

For organisations trading across multiple tax jurisdictions, ensuring that information is correctly reported according to the tax authority’s requirements can be a challenge…

Whether to invest in smart tax technologies to automate and centralise the VAT compliance process is an important consideration…

Source: ITR

 

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