Artificial intelligence (AI) and cloud services have firmly established themselves in the tax technology landscape. Understanding which technology trends will endure versus those with uncertain futures is essential for tax professionals navigating this rapidly evolving environment.   Redefining indirect tax Process improvement is a given, and automation is music to the ears of any tax […] … Read More

In today’s world, tax, finance, and IT leaders in large technology companies must deliver effective indirect tax and e-invoicing strategies while contending with ongoing resource constraints, evolving cloud services, restructures, real-time tax compliance demands, and jurisdictional flux. Despite these challenges, leading tax teams are adapting and transforming their approach, ensuring indirect tax becomes a pillar […] … Read More

Highlights:  Corporate tax leaders express strong enthusiasm for generative AI but face significant challenges in its effective adoption. A substantial gap exists between corporate tax professionals’ belief in GenAI’s utility and its actual widespread implementation. Departments rarely measure GenAI’s return on investment and often lack essential governance policies for its use. Organisations largely fail to […] … Read More

  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

The European e-invoicing market is on the brink of a major transformation, driven by mandatory e-invoicing and e-reporting regulations emerging across the EU. This shift, spurred by the need to improve VAT revenue collection and fueled by initiatives like the EU’s VAT in the Digital Age (ViDA), presents both challenges and opportunities for businesses.  This […] … Read More

As international trade continues to evolve, the complexities of supply chain management have become more challenging than ever. With shifting geopolitical dynamics, regulatory changes, and technological advancements, global trade specialists are tasked with staying informed and agile to manage the intricate web of international commerce. The 2024 Global Trade Report sheds light on these multifaceted […] … Read More