- Tax infrastructure built for the past is failing to keep up with modern compliance demands and real-time reporting requirements.
- The pressure for digital tax compliance is growing rapidly, with the number of countries requiring digital reporting rising from 12 in 2015 to over 80 today, and projected to reach 130 by 2030.
- Most businesses rely on fragile, outdated systems—often a tangled web of spreadsheets and disconnected data sources—that are not scalable or auditable.
- The real risk comes from weak internal foundations, not just external regulatory changes; businesses must evolve their tax infrastructure to avoid future compliance failures.
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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