Tax compliance is crucial for businesses worldwide, aligning with the CFO’s goals of risk management and predictability. However, tax compliance requirements are rapidly changing as we move into the era of real-time compliance. In the past, tax processes followed a cyclical pattern, but now there is a shift towards real-time reporting driven by government legislation and technological advancements. This emphasizes the need for companies to provide more detailed data to governments quickly.
Source Fonoa
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