Highlights:  4% of tax professionals welcome new technology, with 42% exploring AI AI enhances rather than replaces tax professionals, acting as a “digital junior resource” for repetitive tasks Successful AI integration requires building trust, experimentation, and starting with accessible tools in existing systems Responsible AI demands attention to privacy, bias prevention, and oversight, with […] … Read More

As governments globally require digitalised methods for e-invoicing and real-time monitoring and reporting of business transactions, multinational organisations face many complex and costly compliance challenges. In particular, mandates for e-invoicing and continuous transaction controls (CTCs) are data-intensive initiatives that demand speed, accuracy, and transparency all at once. Complying with these mandates requires technology, systems, and […] … Read More

The rise of continuous transaction controls (CTCs)—and the increasing number of other digital real-time controls being implemented every year—makes managing indirect tax more complex and riskier than ever. In many jurisdictions, you must now ensure that your assessment is correct at the moment of the transaction, if not before. There’s no time to review it and […] … Read More

The reality of Global Minimum Tax (GMT) (GloBE or OECD BEPS 2.0 Pillar 2) is here, as South Korea steps forward to be the first country to enact laws associated the OECD’s newly approved tax regime going into effect in January 2024. 137 countries covering 90% of the global economy signed a deal to enforce […] … Read More

Learn how the rapid pace of change in global regulations and reporting requirements is increasing the importance of tax compliance. Compliance may not be the most glamorous task facing indirect tax (IDT) teams, but the rapid pace of change in global regulations and reporting requirements is turning the humble compliance function into a rapid-fire gauntlet […] … Read More