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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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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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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Fundamentals of E-invoicing for tax compliance professionals
Fundamentals of E-invoicing for tax compliance professionals
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Regulatory approaches to ESG diverging in Europe and Asia
Regulators in Asia and Europe have taken divergent approaches towards marketing environmental, social and governance-related (ESG)
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Cost of compliance 2023 report examines the top three operational insights
Download your copy of the 2023 Cost of Compliance Report to stay informed, plan effectively and benchmark your organisation’s approach.
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Fintech, Regtech, and the role of compliance in 2023: Addressing deployment & management
Thomson Reuters Regulatory Intelligence (TRRI) latest report, Fintech, RegTech, and the role of compliance in 2023, gives a contrasting message on the status of the fintech marketplace.
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10 Things Compliance Officers Need to Know in 2023
If you are a compliance professional, this whitepaper will provide valuable insights into the most important risks facing your organisation, how can these risks be mitigated and what will make your organisation more resilient and effective.
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Cost of Compliance 2022: Competing priorities
Survey findings show the difficulties compliance officers are experiencing as they plan for the future.
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