How digitalization of taxes help businesses?

[Good-Person]

In the past, taxation process was quite complicated and complex. The government may have had a really harder time collecting taxes. In many developed countries, now taxes are collected and digitalization of taxation process is helping the government. So, how can digitalization help government?

 

[Debashis]

Digitalization of taxes helps businesses by streamlining and automating tax processes, reducing paperwork and manual errors, improving compliance, enabling real-time reporting and analysis, enhancing data accuracy and security, and saving time and costs associated with tax preparation and filing.