Influence of AI on emerging businesses venturing into global markets within the realm of taxation and its potential impact

In recent years, the inclusion of AI (Artificial Intelligence) has presented a promising opportunity to enhance the tax compliance process further. Businesses across the globe are adopting AI and intelligent automation to meet increasing expectations from boards and tax administrations, as well as automating complex processes in the tax world.

Despite the indispensable role of human oversight in ensuring trust and accuracy in finance, AI in its current form augments human capabilities and drives efficiency. Moreover, as businesses expand into new markets and navigate complex cross-border compliance requirements,