- Technological Transformation: The landscape of indirect taxes is being reshaped by technological advancements such as AI and e-invoicing, which will enhance tax compliance and administration while also posing new challenges for businesses and governments.
- Evolving Tax Frameworks: Predictions for the future indicate a shift from traditional tax models, including the potential decline of corporate income tax in favor of Digital Services Taxes (DST) and a move towards a technology-driven retail sales tax system, emphasizing the need for more efficient tax collection mechanisms.
- Governance and Compliance Changes: Future indirect taxes will be governed more by advanced systems and technologies rather than traditional legal frameworks, raising ethical and privacy concerns as tax authorities leverage AI’s capabilities, necessitating a re-evaluation of the tax profession’s role in this new environment.
Source: KPMG
Latest Posts in "World"
- OECD Anti‑Corruption and Integrity Outlook 2026: Implications for VAT and Customs Enforcement
- Why ignoring tax during ERP migration can be so costly
- Peppol BIS Self-Billing 3.0 March 2026 Hotfix Release Published
- How Booking.com Accelerated Global E-Invoicing Compliance with Fonoa’s Scalable Solution
- Understanding the Reverse Charge Mechanism: VAT Liability, Compliance, and Key Application Scenarios
