Digitalization and Tax Law

Overview

 Even though we are seeing current trends and are comfortable talking about them, we often underestimate the importance and context in which we operate, because we are accustomed to believing that we are in control. How often do we see trends but do not act fast enough on them? The digitalization of information exchange between tax authorities and taxpayers is a trend that will not disappear.

Key facts:

Industry and business communities use technology to optimize tax processes and to comply with reporting obligations. Processes orchestrate corporate resources to fulfil these external demands. They are a key factor determining the compliance obligations, cost-to-serve, and operational efficiency. In particular, they determine tasks, jobs, and responsibilities and by this, shape the future work of every taxpayer and tax authority.

Processes are the arterial system within organizations and in inter-organizational supply networks. Tax and Trade law build the basis for the related processes to comply. Consequently, any process failure can bring tax and customs life and the entire process ecosystem to a standstill.

Processes determine the potential and speed of an organization to adapt to new circumstances and to comply with a fast-growing number of legislative requirements.

 Digitalization and Tax Law is offered at WU (Vienna University of Economics and Business) .