Take the Risk and Confusion Out of Tax Compliance
The article notes governments are seeking new tax revenue, exposing businesses to compliance risks including fines and penalties. Global potential VAT reclamation is $74.9 billion, but 54% of VAT goes unclaimed annually. Compliance requirements span over 150 countries, challenging finance teams. SAP Concur offers Concur Benefits Assurance and Concur Tax Assurance by Blue dot, using AI and machine learning to automatically track, report, and calculate taxable benefits, optimize tax data integrity, help companies keep up with regulatory changes, avoid audits and penalties, and ensure VAT-eligible expenses are not left unclaimed.
Impact and considerations
Tax compliance is critical to corporate financial health; automation tools can help companies reduce risk, reclaim VAT, and improve compliance efficiency.
Key points
- Governments are seeking new tax revenue, exposing businesses to compliance risks including fines and penalties.
- Global potential VAT reclamation is $74.9 billion, but 54% of VAT goes unclaimed annually.
- Compliance requirements span over 150 countries, challenging finance teams.
- SAP Concur offers Concur Benefits Assurance and Concur Tax Assurance by Blue dot, using AI and machine learning to automatically track, report, and calculate taxable benefits and optimize tax data integrity.
- These solutions help companies keep up with regulatory changes, avoid audits and penalties, and ensure VAT-eligible expenses are not left unclaimed.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 16 Sept 2022, 18:58
- Page published
- 14 Aug 2026, 08:30
- Last updated
- 16 Sept 2022, 18:58
- Original links
- SAP Concur Blog：Take the Risk and Confusion Out of Tax Compliance (opens in a new tab)Primary source · en · Published 16 Sept 2022, 18:58