Whether it’s supporting tax authorities in the quest to more easily identify cases of VAT fraud or enabling business users to seamlessly check for missing tax data, scan tax documents or scrutinise existing data to pinpoint issues, the potential value of AI is enormous.
Here, we take a look at five ways AI is set to revolutionise the tax industry over the next five years:
- Navigating complexity
- Augmenting human expertise
- Detecting tax fraud and errors
- Improving the taxpayer experience
- Boosting internal operational efficiencies
- Examples of tax authorities using AI
Source: innovatetax.com
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