- Data is crucial for modern tax administrations, aiding in tax collection, compliance, and decision making.
- Tax administrations are becoming data-driven, handling increasing data volumes.
- Data management and protection mechanisms are essential, even as data location becomes less relevant.
- Most tax administrations have a comprehensive data management strategy.
- Data governance ensures data confidentiality, quality, and security, maintaining taxpayer trust.
- Digitalisation and AI-driven automation are enhancing tax processes and services.
- Data confidentiality and security are vital for secure information exchange within and between jurisdictions.
- Tax administrations are investing in data governance to manage and protect data effectively.
- Data quality is critical, with 85 percent of administrations assessing data quality.
- Data access and security are priorities, with nearly all administrations controlling access and employing cybersecurity measures.
- Data ethics frameworks guide responsible data use, with three quarters of administrations implementing them.
- 17 percent of administrations have started using artificial intelligence in data management.
Source: oecd.org
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.
