- 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.
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