AI and e-invoicing are reshaping tax compliance, discussed at Sovos forum in Porto.
What Happened
The Tax Compliance Executive Forum, organized by Sovos, took place in Porto, focusing on the impact of digitalization on tax compliance. The event gathered professionals from fiscal, financial, and technological sectors to discuss the challenges and evolution of tax compliance models, with AI and e-invoicing at the forefront.
Details and Quotes
Rui Fontoura, managing director for Europe at Sovos, highlighted the shift in compliance from merely meeting legal requirements to becoming a strategic dimension for companies. He noted that tax authorities are increasingly using real-time data reporting and that legislative changes are happening rapidly. "The objective is to integrate AI into the core of new solutions," Fontoura stated, emphasizing its role in identifying potential errors and anticipating compliance issues.
Parth Mukherjee, Global Vice President of Product Marketing at Sovos, presented a vision for tax functions by 2030, where 90% of reconciliations could be handled by AI. He outlined a future where human effort focuses on analyzing pre-filled declarations and validating AI decisions, with technology operating on three levels: task automation, intelligent assistance, and autonomous AI agents.
On devs.com.pt
Sovos Portugal has 5 open roles listed on devs.com.pt, with positions in Lisbon and Porto. The roles include Solutions Consultant and Backend Node.JS Developer, with technologies like Cloud Computing and Java being sought after.
Sources
Prepared with AI from the sources below and our own data, reviewed by the editors before publishing.
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