- New advancements in tax technology are being introduced
- Ongoing staffing shortages make tax automation necessary
- Indirect tax complexity is increasing, with new e-invoicing requirements and VAT reform
- More countries are adopting e-invoicing requirements, requiring adjustments to finance and tax systems
- Recent updates to tax technology solutions include real-time monitoring, customized reporting, refund review studies, and GL reconciliations
Source: vertexinc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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