- Tax authorities globally are transitioning to e-reporting and e-invoicing for value-added tax (VAT)
- Indirect tax compliance is undergoing significant changes with a focus on data-driven tax administration
- Companies need to adapt their financial systems and IT infrastructure to meet new tax requirements
- Flexible data infrastructure is crucial to handle the complexity of tax data requirements
- Multinationals are facing new indirect tax compliance requirements in various countries
- A holistic and centralized approach is needed to address evolving tax compliance requirements
- Three key lessons for tax leaders include thinking digital, embracing change, and investing in technology for compliance.
Source: deloitte.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.
