The tax industry is slow to create new legislation in response to global and market disruptions, taking decades to update regulations. For example, digitalization, such as e-invoicing and real-time reporting, has taken a long time to become common. Digital regulations are removing manual work for tax professionals and are seen as the best way for tax authorities to close the VAT gap.
Source Innovate Tax
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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