80% of leaders experience localization which requires that tax software and reporting processes meet local regulations paid SovosCompliance
This is the digital transformation of tax: a climate in which global tax authorities demand more e-invoicing and e-reporting—which will likely lead to more e-assessments and e-audits. Here, we explore the transformation and offer a clear path forward for business and technology leaders to tackle its challenges and leverage opportunities.
But going forward, more nations—including developed economies—will up the ante on digital reporting requirements. Not only will the information collected swell to include more intimate details around corporate operations, it will also shift from taxpayer-submitted to government-issued returns. The switch to digital taxation introduces a variety of challenges, risks and costs: some are immediate and tactical, while others are longer-term and strategic.Initially, companies will need to tweak or even overhaul their invoicing, payment, enterprise resource planning or other financial systems. Challenges will multiply as individual jurisdictions implement and continuously update digital requirements and more nations join the fray.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Global Taxation is Going Digital: Here's How to PrepareAn underappreciated revolution is underway: the shift to digital taxation. Here, we explore how business leaders can best prepare their organizations for a new era of reporting and compliance.
Baca lebih lajut »
BlackRock's Larry Fink says there are no signs of global recession in the next 12 months'We will go through a phase in which things are not great but also not bad.'
Baca lebih lajut »
Purdue's Sackler family wants global opioids settlement: Sackler lawyer Mary Jo WhiteIn rare public comments on behalf of the family that controls Purdue Pharma, lawyer Mary Jo White said why the family believed the litigation against them and their company is legally dubious, factually misleading and politically motivated.
Baca lebih lajut »
Global radicalism reaches Sri Lanka’s shoresSri Lanka successfully defeated Tamil Tigers after decades-long civil war but then became too relaxed and didn’t strengthen its counter-terrorism capabilities - experts
Baca lebih lajut »
Global Stocks Weaken as Oil Prices ClimbGlobal stocks mostly edged down on Tuesday, as oil prices jumped after a surprise move from the U.S. to curb Iranian oil imports and investors awaited a fresh batch of earnings for clues on the direction of the world economy.
Baca lebih lajut »
Global jihadists increasingly turn against religious targetsThe latest bombings of churches is part of a growing pattern of sectarian terrorism
Baca lebih lajut »
Strong stock and bond markets at odds over global growthIt looks like something has to give in global markets.
Baca lebih lajut »
Deadly attacks in Sri Lanka tap into global anxiety about Christian-Muslim violenceThe attack in a place such as Sri Lanka stokes fears everywhere, including the United States.
Baca lebih lajut »
No signs of global recession in next 12 months: BlackRock's FinkThere are no signs that the global economy is sliding toward a recession in the ...
Baca lebih lajut »