Search results
That is why tax administrations are undertaking the digital transformation and automation of their systems. The adoption of technology can enable successful and sustainable tax reforms, ensure the proper taxation of the digital economy, and reduce the obstacles to compliance.
Reducing burdens matters. The goal of the digital transformation of tax administration is to make taxation easier and less costly for taxpayers. If it is burdensome to pay tax, then that will lead to higher costs of both time and money for individuals and business.
Mar 29, 2023 · In brief. Tax authorities around the world are digitalizing tax administration systems to allow seamless integration with taxpayers and real-time assessment in today’s globalized economy. To meet the increasingly complex tax obligation requirements, taxpayers are also leveraging technology and automation, including data analytics.
The results indicate significant benefits, including reduced financial stress for firms, especially during development phases, and enhanced efficiency in tax administration processes. The study highlights how e-invoicing and prefilling systems simplify and improve the tracking of taxation, leading to increased efficiency in tax practices globally.
This report sets out a vision for the digital transformation of tax administration, under which taxation becomes more of a seamless and frictionless process over time.
4 days ago · AI offers numerous advantages to the tax world, including: Tax compliance — AI has the potential to automate processes to streamline data capture, computation, and output generation. GenAI can significantly reduce time-consuming aspects of tax compliance with further gains expected as the technology improves over time.
On the cover: Tax administration reform through digital transformation is a key component to improving tax administration capacity, eficiency, and speed. Preparing for digital transformation requires careful planning, clear vision, and efective implementation.
