If your business has an annual revenue that exceeds AED 50m, you have just 17 days to appoint an Accredited Service Provider. You then have 80 days to go live. …
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Before you commit: evaluating AI in indirect tax
Your next platform decision will shape your tax function for years. Evaluate AI before you sign. Most AI vendors in indirect tax promise the same things: automation, accuracy, and scalability.…
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What three years of data reveal about
AI in corporate indirect tax
Key takeaways Ask an indirect tax professional whether they personally use AI, and most already say yes. 65 per cent now use publicly available GenAI tools like ChatGPT for work.…
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Touchless, defensible indirect tax compliance for the Gulf’s digital tax era
Indirect tax compliance is becoming more complex as governments accelerate digital reporting and e‑invoicing requirements worldwide. For multinational tax and finance teams, this shift is driving increased pressure, manual effort, and risk. This article explores how AI-powered automation — through ONESOURCE Indirect Compliance powered by CoCounsel — is enabling a move toward more efficient, accurate, and auditable compliance processes.
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AI in Tax: What tax and accounting professionals need to know
Artificial intelligence (AI) and machine learning (ML) offer substantial cost-saving potential in nearly every sector of the global economy. There is no doubt that AI is rapidly gaining traction in…
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Transforming Indirect Tax Processes for Enhanced Efficiency and Compliance
External disruption has heightened the complexity of the indirect tax function, putting deadlines at risk. Priorities are changing quickly for indirect tax teams, especially with governments moving towards real-time reporting.…
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Need increased procurement cost efficiency from indirect tax perspective?
Thomson Reuters tax solution streamlines and simplifies. Inefficiencies and errors in indirect tax management can lead to unnecessary processing costs, amounting to an estimated 6% of a company’s operating expenses.…
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Enhancing Tax Efficiency with Thomson Reuters Solutions
Technology is rapidly evolving, and governments are increasingly demanding real-time reporting, putting more pressure on data management. Automation offers a way out of this complexity, making integrations a key consideration.…
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Transforming Global VAT Compliance at Redington Group
Redington is a distributor of technology products and services across Asia, the Middle East, and Africa. With operations in 40 countries and employing around 4,000 individuals, Redington is faced with…
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VAT Compliance in the UAE Property Sector: Challenges and Opportunities
The United Arab Emirates (UAE) has experienced rapid economic growth in recent years, driven in part by a booming real estate sector and infrastructure development, contributing approximately 5.5% to the…
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