- Strong data foundations are essential; poor data quality undermines compliance and automation.
- Compliance is now a real-time, continuous process, not a periodic or month-end task.
- Automation should target repetitive, low-value tasks and be applied to clean processes to avoid amplifying existing problems.
- Companies must adapt their tax infrastructure to support real-time monitoring and issue flagging.
- The right technology and strategy are critical for keeping pace with rapid changes in indirect tax compliance.
Source: fonoa.com
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.
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