We sat down with a wide array of finance experts, from professors to heads of international tax, from around the world –to get their take on the future of tax.
National Tax Gap Minimization and Digital Transformation Solutions for Improved Tax Administration.
Modern TaxTech Solutions For Tax Gaps Reduction and Improved Tax Administration.
Tax gap minimization.
Increased tax revenue collection.
Decreased costs of tax administration.
info@digitaltaxtech.com www.taxtech.digital
Partnering with global tax consultants and top technology providers allows us to provide end-to-end digital tax transformation solutions that are nonintrusive and compatible with existing tax systems and business processes.
Our proven digital tax administration solutions cover the entire fiscal data lifecycle for large and complex national digital transformation projects. We use flexible technology stack enabling easy integration with legacy and third-party systems.
Our team of international experts has experience and knowledge gained from implementation of many nationwide digital transformation projects for tax administrations in various European, CIS, Middle East and African countries.
Implementation of our Digital Tax Administration Solutions can increase VAT collection up to 150%, excise collection up to 700% and move millions of self-employed out of shadows.
The difference between the revenue potential (legal) and the actual revenue collected is the “Tax Gap“.
Sources of the tax gap:
- tax evasion
- tax avoidance due to benefits
- established by law (legal tax gap)
Pleased to share the copy of my presentation submitted at 41st World Continuous Auditing & Reporting Symposium held on Nov 9 & 10, 2017 in Huelva, Spain
National Tax Gap Minimization and Digital Transformation Solutions for Improved Tax Administration.
Modern TaxTech Solutions For Tax Gaps Reduction and Improved Tax Administration.
Tax gap minimization.
Increased tax revenue collection.
Decreased costs of tax administration.
info@digitaltaxtech.com www.taxtech.digital
Partnering with global tax consultants and top technology providers allows us to provide end-to-end digital tax transformation solutions that are nonintrusive and compatible with existing tax systems and business processes.
Our proven digital tax administration solutions cover the entire fiscal data lifecycle for large and complex national digital transformation projects. We use flexible technology stack enabling easy integration with legacy and third-party systems.
Our team of international experts has experience and knowledge gained from implementation of many nationwide digital transformation projects for tax administrations in various European, CIS, Middle East and African countries.
Implementation of our Digital Tax Administration Solutions can increase VAT collection up to 150%, excise collection up to 700% and move millions of self-employed out of shadows.
The difference between the revenue potential (legal) and the actual revenue collected is the “Tax Gap“.
Sources of the tax gap:
- tax evasion
- tax avoidance due to benefits
- established by law (legal tax gap)
Pleased to share the copy of my presentation submitted at 41st World Continuous Auditing & Reporting Symposium held on Nov 9 & 10, 2017 in Huelva, Spain
This Deloitte publication describes three major success factors that can help automotive CIOs future-proof their IT organizations to cope with current macro technology and automotive megatrends as well as the specific challenges of COVID-19.
Cybersecurity & Data Protection: Thinking About Risk & ComplianceShawn Tuma
Cybersecurity & Data Protection: Thinking About Risk & Compliance is a presentation that Frisco business lawyer Shawn Tuma delivered to the Corporate Counsel Section of the Collin County Bar Association. The presentation date was May 29, 2015.
INTRODUCTION
IoT history
IoT world
IoT in Gartner Hype cycle
IoT economic impact and trends
ABOUT IoT
What is IoT ?
IoT market environment
Technologies behind IoT
IoT global roadmap
What is IoT ?
IoT market environment
Technologies behind IoT
IoT global roadmap
APPLICATIONS OF IoT
Selection of impacting examples
IS IoT FOR YOU?
List of questions to help you moving forward!
Why should you start exploring IoT opportunities?
Preliminary questions before jumping in (Skills, assets…)
The Summary Guide to Compliance with the Kenya Data Protection Law Owako Rodah
The Data Protection Act 2019, was enacted on November 8th, 2019, ushering a new era of accountability and responsibility with regard to processing of personal data and information. Naturally, there has been a resurrection of the chatter around data protection in increasingly data-driven social and economic settings. The question on everyone’s mind being what does this mean for me?
This presentation focuses on the role breakthrough digital technologies, such as AI, blockchain and IoT can play for climate action and sustainble development. It also addresses the urgent need to enhance the sustainability of the ICT sector. The digital transformation approach is based on a people-centered approach that puts people instead of technologies first
Digital policing: Transformation through technologyO2 Business UK
At the 2013 Police Innovation days, O2 Managing Partner for Justice and Emergency Services, Steve Norris, presented his vision for the future of digital in policing.
Right Cloud Mindset: Survey Results Aviation | Accentureaccenture
Looking two years ahead: Functional objectives along with technology related challenges and top five areas of investment for airlines. Learn more: https://accntu.re/34LzLZn
Capium provides Cloud based Online Accounting Software for day to day needs of accountants and sme's, allows you to manage payroll, bookkeeping for free.
Resource :- https://www.capium.com
This Deloitte publication describes three major success factors that can help automotive CIOs future-proof their IT organizations to cope with current macro technology and automotive megatrends as well as the specific challenges of COVID-19.
Cybersecurity & Data Protection: Thinking About Risk & ComplianceShawn Tuma
Cybersecurity & Data Protection: Thinking About Risk & Compliance is a presentation that Frisco business lawyer Shawn Tuma delivered to the Corporate Counsel Section of the Collin County Bar Association. The presentation date was May 29, 2015.
INTRODUCTION
IoT history
IoT world
IoT in Gartner Hype cycle
IoT economic impact and trends
ABOUT IoT
What is IoT ?
IoT market environment
Technologies behind IoT
IoT global roadmap
What is IoT ?
IoT market environment
Technologies behind IoT
IoT global roadmap
APPLICATIONS OF IoT
Selection of impacting examples
IS IoT FOR YOU?
List of questions to help you moving forward!
Why should you start exploring IoT opportunities?
Preliminary questions before jumping in (Skills, assets…)
The Summary Guide to Compliance with the Kenya Data Protection Law Owako Rodah
The Data Protection Act 2019, was enacted on November 8th, 2019, ushering a new era of accountability and responsibility with regard to processing of personal data and information. Naturally, there has been a resurrection of the chatter around data protection in increasingly data-driven social and economic settings. The question on everyone’s mind being what does this mean for me?
This presentation focuses on the role breakthrough digital technologies, such as AI, blockchain and IoT can play for climate action and sustainble development. It also addresses the urgent need to enhance the sustainability of the ICT sector. The digital transformation approach is based on a people-centered approach that puts people instead of technologies first
Digital policing: Transformation through technologyO2 Business UK
At the 2013 Police Innovation days, O2 Managing Partner for Justice and Emergency Services, Steve Norris, presented his vision for the future of digital in policing.
Right Cloud Mindset: Survey Results Aviation | Accentureaccenture
Looking two years ahead: Functional objectives along with technology related challenges and top five areas of investment for airlines. Learn more: https://accntu.re/34LzLZn
Capium provides Cloud based Online Accounting Software for day to day needs of accountants and sme's, allows you to manage payroll, bookkeeping for free.
Resource :- https://www.capium.com
The New Approach For Bringing Adoption Of E Invoicing By Sm Es To The Next Le...Danny Gaethofs
Bringing adoption of the new VAT directives to the next level requires a mind shift of Tax Authorities, internal and external Tax Auditors, Businesses and Solution / Service Providers.
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Tax management within multinational enterprises (MNEs) has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest Grant Thornton report exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
Tax Gap Analysis and Digital Transformation Advisory for Tax AdministrationsDigitalTaxTechnologi
Tax Gap Analysis and Digital Transformation Advisory for Tax Administrations
Tax gap reduction
Increased tax revenue collection Decreased costs of tax administration
info@taxtech.digital https://taxtech.digital
Digital Tax Technologies (DTT) is an international expert in tax gap minimization, a trusted digital transformation advisor & solution provider for national tax administrations.
We help tax administrations around the world to reduce the tax gap, improve tax revenue collection and reduce the share of the shadow economy.
Our mission is to increase global fiscal transparency, improve tax compliance and administration, and ensure fair competition and welfare.
Our team consists of experts with experience in digital tax administration advisory and implementation in various European, CIS, Middle East, and African countries.
Tax Gap Minimization Strategy
To realize when and where the state loses potential taxes government should:
Apply the concept of the tax gap
Evaluate tax gaps for the main taxes
Develop a tax gap minimization strategy
Digital Tax Administration Concept
To minimize the tax gap revenue, tax authorities should:
Develop a concept of digital tax administration using objective data about taxpayers and the tax base
Build the digital infrastructure for data collection and interaction with taxpayers
Digital Transformation Roadmap and Implementation Plan
The digital tax administration concept should include a roadmap and implementation plan
With key initiatives aimed at minimizing the tax gap and increasing the collection of tax and excise revenues
Experience and Contacts
We are a global team of tax and digital experts working with tax administrations, global tax consultants, and top technology providers on the most important aspects of the digital transformation of national tax systems.
Our key areas of expertise are:
Digital transformation of tax administrations and transition to the real-time economy for the tax gap reduction
Implementation of digital track & trace solutions Implementation of online cash registers
Effective taxation of platform sellers and self-employed taxpayers in sharing and gig economies with eVAT / eInvoicing solutions
Advanced analytics/Big Data/AI for value-added tax administration Tailor-made and off-the-shelf software product development
End-to-end IT solutions design, implementation & support in cooperation with top software & hardware vendors and tax consultants
Contact Us for More Details
info@taxtech.digital https://taxtech.digital
If you are an accountant then you will already know about Making Tax Digital (MTD). While the new HMRC initiative will affect all accountants, many still have questions they would like answered. We have compiled this guide to tell you what you need to know and to offer some advice about how you can make the switch to digital as smooth as possible. Read in detail - 5 Steps to Get Making Tax Digital Ready.
The AL-Tax Center (Albanian Taxation Association) in this paper has introduced the challenges in the Central Tax
Administration focusing the discussion in the strategy work and in the structure based in governs priorities in this
year and in coming years.
The purpose of introducing this paper is about attracting the attention of lawmakers, taxpayers, international tax
administrators and the media.
This document is prepared by the experts of AL-TAX Center, in a series of thematic collections, with the aim of
becoming a source of discussion for all those interested that have integral relationships with taxes, organization of
administration and the implementation of their practices.
Cutting Taxpayer Errors With Stronger Service Design: How More Citizen-centri...accenture
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What can banks expect from compliance and regulation in the next years?
Read the article to discover what the Head of Symetria®, @João Simões, has to say about it.
In this era of technology intertwined lifestyle, e-commerce has become a way of life. E-commerce seemingly facilitates every other aspect of our lives at a click of a button,
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Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
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Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
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2. Taking a pulse
We sat down with a wide array of
finance experts, from professors to
heads of international tax, from around
the world –
to get their take on the future of tax.
40
Finance Experts
16
Countries
2020
July
3. Increased digitalization of the economy will bring
a host of benefits to governments and tax agencies
as well as businesses and consumers.
Global payments standards like ISO 20022* will bring
greater efficiency, transparency and may enable new
taxation models. Increased ecosystem utilization, natural
language processing and machine learning create new
automation and compliance opportunities. Open
Banking may enable unprecedented personalization.
At the same time, the way people live, work, and do
business is changing, whether by choice in a rapidly
digitalizing economy, or by necessity in a world
confronting a global pandemic.
Digitalization of
the economy will
change taxation
Pulse 01
Prepare for the next
generation of taxation
* ISO20022 is a global and open standard for messages sent between financial institutions,
for an instance when a payment is being made
The more real time the payment is the more real
time the taxation can be. A real time tax process
makes a lot of sense, where transactions are
automatically integrated into the tax agencies
system and the tax liability will show on a second-
by-second basis.
Director of Financial Services
(Professional Services)
4. Redefine Experience, Redefine
Compliance
Agencies are moving withholding and consumption taxes
closer to real time, initially real-time assessment/reporting
and ultimately real-time collection.
We see payroll assessed and reported in real-time for each
employee payment. We see the adoption of continuous
transaction controls and e-invoicing building the capability
for real-time consumption tax assessment.
Real-time taxation not only increase compliances, it will
also reduce the compliance burden as collection in real-
time obviates the need for tax return. Tax does indeed
become seamless and natural.
Compliance
in real time by design The best thing the tax agency can do is be as
invisible as possible. People and businesses
don’t want to think about tax or be reminded that
that they have to pay their taxes. If tax is taken care
of in the background without having to think about
it, then this is the best possible experience for the
customer.
Pulse 02
Vice President Digital Payments and
Labs (Credit Card Company)
5. Build the Ecosystem for next
generation taxation
The possibilities that truly digital, real-time tax creates—
for businesses, individuals, tax authorities and whole
economies—can only be realized through active collaboration.
Financial institutions, tax authorities, digital marketplaces,
payment platforms, software vendors, and others all need
to agree standards, change mindsets, and expand the
data ecosystem.
The future of tax is digital, open and real-time. But it needs
the whole ecosystem to come together to make it a reality.
Collaborate to make
real-time tax a reality
Pulse 03
International Tax Planning Director (Retail)
… now it’s time for tax authorities to
explore the opportunities increased
digitalization of the economy provides.
From a customer perspective, banking and tax
should become indistinguishable and tax should
happen in the background to the extent that it is
almost invisible to the citizen.
Director and Head, Digital Payments
(International Bank)
6. Banking will get more innovative. By opening up access
to banking data through digital interfaces—APIs—Open
Banking enables new and innovative banking services
plus faster and cheaper international transfers.
From giving individuals more control over their financial
data to integrating gig workers into the tax system, Open
Banking will bring dramatic improvements for both
taxpayers and tax authorities.
Guidance to help make Open Banking work involves
assisting financial institutions coming together and agree
common standards for their APIs and helping them
recognise the potential of open banking to improve
customers experience and efficiency with regards to tax
as well as the other financial services.
Open banking
opens new horizons Open banking is less about an opportunity
for private individuals, but more for the
tax agencies and small business in terms of
massively improving efficiency. Tax is a huge
operational burden for business. Eliminating this
will result in a major cost and time saving.
Pulse 04
Guide the future financial
infrastructure
Former director of Financial Services
(Professional Services)
7. Income withholding taxes on personal taxpayers are
adapting to the new more fluid employment models
focussing more on individual payment transactions.
Consumption taxes on goods sold to consumers are often
being considered more fair than increased income taxes.
It is why some governments turn to consumption taxes to
plug holes in their budgets.
Climate change and Digital taxes are here to stay and are
likely to be more widely adopted.
All these changes point to increased taxation at a
transaction level. However next generation taxation will
not rely on reporting detail of every transaction. Real-time
collection and continuous transaction controls will
provide the basis for taxation.
Moving to
hard-to-avoid
transactional taxes
Pulse 05
Taxation by transaction
(not return)
“We will see a shift from “stock” taxes (that depend
on the results of economic activity at a certain cut-
off point in a year, e.g. corporation and income tax),
to “flow” taxes (that are based on transactions
happening throughout the year), e.g. VAT. The
reason for that is that they are more immediate,
more flexible, and therefore provide a better tool
for managing the government’s fiscal needs as they
change over time.”
Senior tax analyst (Retail)
8. Accenture believes the future of taxation is the real
time, invisible agency. We can help your agency shape
the journey to realization of this vision.
Our revenue industry experts are working with more
than 20 leading national agencies across the globe and
have a proven track record in helping tax agencies
develop and realize their strategies.
Defining your real time
journey
accenture.com/revenue
Accenture Revenue Clients
DAVID REGAN
Global Managing Director
Accenture Revenue
DR. GABRIEL BELLENGER
Managing Director, Global
Consulting Lead Accenture Revenue