- Technological Impact on Taxation: The report predicts that technological advancements, such as artificial intelligence and electronic invoicing, will significantly reshape indirect taxes by 2030, enhancing compliance and administration while adapting to new business models.
- Key Predictions for Indirect Taxes: It outlines ten predictions, including the continuation of VAT’s core principles, the rise of Digital Services Taxes (DST) over corporate income tax, and a shift towards technology-driven systems for tax governance rather than traditional legal frameworks.
- Challenges and Opportunities: The report highlights the ongoing challenges in effectively pricing carbon, the anticipated proliferation of tariffs due to geopolitical factors, and the need for a more progressive VAT system, all while emphasizing the changing role of the tax profession in a technology-driven landscape.
Source KPMG
