Recent regulatory shifts have dramatically increased the need for transactional tax software to cope with the new complexities of tax compliance. Also, the digital economy has made it easier to sell products to more countries and faster than ever before. However, growth of the digital economy has introduced many ecommerce businesses to a host of new compliance steps.
Goals and Objectives
Technologies like automation, artificial intelligence, and machine learning are set to reshape highly rule-based and data-centric functions like tax management for end users.
Enterprise hardware, personal devices, cloud, Big Data and analytics, mobile, applications, business consulting, and cognitive technologies.
Use Case Summary
Digital technologies are used to support the collection and submission of transaction tax. It also supports the taxation of digital goods including software programs, music, videos, or other electronic files that users download exclusively from the internet.