Tax of Tomorrow 2023

The 2023 edition of “Tax of Tomorrow – Technologies and resources for the organizations current tax challenges” survey brings the perspectives of 116 companies operating in Brazil on the impacts of technological evolution and the transformations of the business environment on the tax function, also covering the taxpayer's view on tax compliance in addition to gaining insights into the subject priorities and expectations in the context of digital transformation with a focus on tax.

Key insights

• In addition to the cost of tax compliance, 72% of survey respondents said their top challenge in 2022 was finding qualified tax professionals.
• A little more than 3/4 of companies expect the simplification of the Brazilian tax system with the Tax Reform.
• The transition to a new tax model brings concerns such as unforeseen expenses with 60% of responses, followed by legal uncertainty (49%) and loss of incentives (42%).
• In the quest for efficiency and data security, 7 out of 10 companies intend to adopt cloud-hosted tools for tax activities.
• Half of respondents intend to invest in AI or cognitive tool to support their companies' tax area activities.
• .Response to inspection findings and litigation management, which are post-payment activities, and filing of ancillary tax obligations represent more than 1/4 of the time spent by the tax area professional.