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.