Governments worldwide introduce various digital reporting mandates and use technology to improve tax collection efficiency and close tax gaps. Tax compliance is becoming more digital and real-time. As a result, global businesses face a “digital reporting tsunami” and constantly evolving regulations across multiple countries, demanding a significant shift in how they approach tax compliance. Here’s what global companies need to understand and act upon.
Source: fonoa.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
