The global tax landscape is rapidly evolving with significant developments such as the OECD’s Pillar Two rules, CESOP, ViDA rules in the EU, and e-reporting mandates. These changes increase compliance requirements and impact tax strategies. According to Deloitte’s 2023 Tax Transformation Trends survey, the top challenges for the next five years include compliance with evolving tax laws, integrating tax-related data, limited technology expertise, and lack of control over technology strategy. Tax departments can prepare for these challenges by rethinking their approach to tax accounting and compliance and by embracing tax technology to facilitate greater compliance and productivity.
Source Forbes
