The main drivers of the digitalization of companies’ tax function are the digital filing requirements of various tax authorities, as well as the increasing number of automated processes that free up human resources for other business activities. These are the main findings of a Deloitte survey, Central Europe Tax Technology Report, conducted in the spring of 2023 among more than 120 senior finance and tax executives in 15 jurisdictions across the entire Central European region, including the Czech Republic.
Accelerating the digitalization of the tax function is making it easier to access and analyze tax data across businesses in Central Europe. This shift is thus affecting the entire tax area while allowing tax authorities and individual bodies to use digital technologies to collect taxes more efficiently and with greater control.
Source: taxathand.com
Latest Posts in "Czech Republic"
- Obligation to Correct VAT Deductions on Unpaid Invoices Effective January 2025
- Czech Republic Enacts New VAT Rules for Unpaid Invoices Starting January 2025
- Czech Small Businesses Gain Flexibility with Quarterly VAT Returns Starting 2025
- Reminder: Submit 2024 EU VAT Refund Applications by September 30, 2025 Deadline
- VAT in the Czech Republic – Comprehensive up to date guide