The digitisation of tax is a major development worldwide –
benefiting not just tax authorities but the companies which meet
their demands.
E-filing, e-reporting, e-audits – it is easy to see why
digitisation is popular with the authorities. It gives access to
both more detailed and summarised information, which their systems
collate in near real-time. This allows them to drill deeper,
identify mismatches and identify the inconsistencies between
companies' tax declarations. It should also reduce the cost of
revenue collection.
For companies having to comply with new regulations in multiple
jurisdictions, it can be daunting. However, our experience helping
multinationals demonstrates that digital tax and accounting systems
can deliver cost benefits for the authorities and the companies
assessed. By ensuring that global platforms respond to local
requirements, companies can make tax digitisation integral to their
wider automation strategy. Streamlining tax and
