Tax Technology –
for European e-commerce
Tax technology is the central term for the digitalisation of tax processes. Modern tools automate workflows and services and increase efficiency and save costs. Here, you will find information on the latest trends, application fields, and suitable solutions for cross-border e-commerce.
Modern technologies can support the management of tax data thanks to artificial intelligence (AI) and contribute significantly to minimising risks. The automation of tax processes increases quality, ensures more transparency and steadfast adherence to compliance requirements.
The use of tax technology ensures correct tax payments
Businesses need to consider how best to meet their tax obligations. However, they underestimate the losses that occur when local reductions and exceptions are not considered in tax reporting.
Tax technology determines your VAT optimisation potential
Especially in cross-border e-commerce, merchants face the challenge of finding the correct tax rate for each item in each country of sale. For businesses with a large product range, this can have a significant impact on tax compliance but also on margins.
Check how significant your VAT optimisation potential currently is with the VAT Optimiser.
Automation as a success factor
Trends such as automation will result in profound upheavals in the tax environment in the coming years. The digital transformation is increasingly merging taxes and technology. Cross-border trade in the EU is subject to numerous requirements and regulations that affect all e-commerce merchants selling products or services to individuals and businesses. Automation is the most efficient solution here.
Dive deeper into the topic with this exclusive white paper and learn why automated tax rate determination offers a competitive advantage for online merchants.
Effortless data extraction
Online merchants need to get the complete picture of their e-business to utilize its full potential.
When operating a shop and being active on multiple marketplaces, it is necessary to have your invoice data from all services and, in the best case, aggregated into a combined overview. There shouldn’t be any kind of switching back and forth between different reports.