The opportunities for indirect tax leaders to add value to their business has never been greater. This autumn TBM Group is staging the 7th Annual Strategic Indirect Tax & VAT Compliance Summit which this year will certainly be the most interesting ever. We will be focusing on themes including digitization and AI, e-invoicing, cross-border transactions, compliance framework and many more such as:

• Unlocking the potential of VAT digitalization
• Achieving success in developing the e-invoicing framework
• Effectively meeting EU and national reporting demands
• VAT in the Digital Age
• Cross-border transactions and transfer pricing
• Using Artificial Intelligence and Machine Learning to simplify VAT reclaim

Today’s hugely volatile environment poses massive challenges for the VAT function. Moreover, the VAT function is always striving to remain compliant with the constantly developing national and international regulatory regimes. A big area of focus for all VAT and Indirect Tax departments is the quest to modernize the tax processes and systems and of course this is done through increased digitization of the VAT tax function and implementation of AI/RPA in order to make tax data more transparent, easily accessible and thus less open to tax evasion.

Also, since every single country in the EU has its own tax system there is a huge effort from EU to harmonize the systems and create a Single VAT Area by imposing VAT in Digital Age program. Thus, this raises many practical difficulties and questions to answer.