This SAP Concur blog discusses how digital tax solutions help businesses navigate global tax digitalization. It notes that the UK, China, Brazil, and other countries already require tax digitalization, and businesses can use AI to capture receipts, establish compliance audit trails, increase VAT reclaim, and identify taxable benefits.
SAP Concur has launched global tax management solutions to help companies keep up with rapidly evolving tax regulations. The solutions support various phases of the tax management process, from expense report creation to approval, payment, and reconciliation, and leverage AI and machine learning to maximize tax recovery. Digitized receipts and e-invoice mandates are already in place in countries such as China, Japan, and Mexico. SAP Concur's solutions currently support France, Spain, Japan, China, Mexico, Australia, and New Zealand, with support for Portugal, Belgium, and Switzerland coming soon.