As the economy evolves into a digital age, businesses are following suit. Gone are the days when a company’s customer base was limited by geography, as any business can now easily sell its goods or services online, reaching customers worldwide. As a result, governments are grappling with new challenges in regulating these novel business models, including safeguarding their tax revenues.
- Digital service companies are at the front line of this transformation.
- Key takeaways
- Why automate?
- Increase the impact of your tax team
- Centralize the management of tax processes
- Adapt quickly when legislation changes
- Scalability
- Save money
- What types of tax automation make the most significant impact?
- Checking your customer’s tax registration status
- Charging tax correctly
- Tax compliance
- What are some other common methods in tax automation?
- Robotic Process Automation (RPA)
- Business Process Automation (BPA)
- Artificial Intelligence (AI)
- Machine Learning
- Cognitive Automation
- Robotic Desktop Automation (RDA)
- How Fonoa can help
Source: www.fonoa.com
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