Type: Trend
The way businesses interact with global revenue authorities has changed dramatically as a result of recent advances in digitisation and the use of data. Tax and customs administrations are increasingly capable of autonomously processing and analyzing data provided by taxpayers. With real-life examples from throughout the world, our global tax experts analyze how crucial data integrity will be in the digital era of indirect tax.
As a result, businesses will need to place a greater emphasis on data quality and an understanding of the risk areas in terms of what the tax authorities are likely to focus on now and in the future. The front lines of that digital shift are indirect taxes. When it comes to audits, for example, they leave a data trail that tax officials are eager to follow.
