How does technology affect tax?

Tax technology streamlines processes and makes them more efficient by enabling the flow of data. This results in far fewer hours and resources spent on tax processes. Tax technology enables more efficient tax processes by …

Why does digital transformation matter for taxation?

Digital technology is reducing the time spent on paying taxes as well as the total number of individual payments taxpayers must make each year. Improving administrative efficiency. For more advanced tax administrations, the use of advanced analytics to identify underreporting will be a key value driver.

What is tax technology and transformation?

Tax is undergoing a fundamental and long term period of transformation as Tax Authorities globally seek to digitise existing tax regimes as well as introduce new, large scale, complex and data intensive tax regimes to fight tax evasion and increase tax revenues.

What is tax ey?

EY has competencies in business tax, international tax, transaction tax and tax-related issues associated with people, compliance and reporting and law. We invite you to leverage our experience, knowledge and business insights to help you succeed.

How does the tax law encourage technological progress?

The tax law encourages technological progress by allowing immediate (or accelerated) deductions and tax credits for research and development expenditures. For example, the tax laws provide incentives to encourage savings by giving private retirement plans preferential treatment.

What is digital tax administration?

Tax authorities are using advanced digital platforms to enable real-time or near real-time collection and analysis of detailed taxpayer data — often at the transactional level.

What does digitalisation of tax mean?

The digitization of tax collection – Sometimes we use the term to denote the digitization of tax administrations as they invest heavily in technology. These investments are vastly improving their ability to gather more tax information and gain more insights into the tax and financial positions of taxpayers.

What is digitization of tax?

The digitalisation of tax administration is a process in which all stakeholders must be fully engaged, to ensure that all parties gain – as all parties can – from the potential digital technology offers.

What tax software does KPMG use?

Using Thomson Reuters’ ONESOURCE® third party software, KPMG professionals can help you discover the technological and tax issues that may be affecting your tax department, and how to understand how these issues can impact the reporting, compliance requirements, and internal controls across the tax lifecycle.

What is tax clearance certificate?

A Tax Clearance Pin Certificate is issued by SARS as proof that a person/business is “in the clear” with them. This means the person/business is 100% compliant with no overdue payments. A Tax Clearance Pin Certificate is often a prerequisite for Tenders, Contracts, RFQs or Funding applications.

Does EY have a pension?

Our pension plan helps you plan for your retirement and includes early retirement options, lump-sum or annuity payout options and pre-retirement survivor benefits for your spouse or registered domestic partner.

Why is EY taxed?

An exceptional career in Tax. You can harness technology and scale to continuously innovate and learn. What’s more, EY Tax offers leadership in all tax disciplines, including tax planning, tax accounting, tax compliance, tax policy and controversy, tax function operations, law, and people and workforce.