- Tax compliance requires trust in data, which governments do not always have
- Business visibility is important for meeting objectives, but not necessarily perfect
- Governments are slow to adopt digital tools for tax enforcement, but are now embracing technology
- Electronic invoicing is replacing subjectivity with objectivity in tax administration
- E-invoicing is a growing movement internationally, with the market projected to reach $35.9 billion by 2028
- E-invoice technology removes human interference in reporting and compliance, ensuring accurate data for tax authorities
Source: sovos.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.
Latest Posts in "World"
- Book: The Essential Guide to e-Invoicing for Tax Professionals
- Global Developments in Electronic Cash Register Regulations: Regional Trends and Timelines (2025–2028)
- European Countries Adopt Real-Time VAT Reporting to Combat Fraud and Close Tax Revenue Gaps
- Global VAT legislative Changes as of January 1, 2026
- IMF’s Reverse Method: Estimating Global VAT Compliance Gaps Without Costly Audits Across 111 Countries
