Tax Transactions in Artificial Intelligence

Doi:https://doi.org/10.37940/JRLS.2023.4.1.8

Abstract

Tax authorities and tax advisors have begun to explore the possibilities of deploying sophisticated data analytics and AI in taxation to facilitate compliance and help professionals and their clients with frequently asked questions. While data analytics has garnered a lot of attention, AI in taxation is a relatively new phenomenon.

The competent authority to legislate has the task of introducing a specific approach to tax administration and the collection process, and to take the most successful artificial intelligence initiatives as small incremental steps instead of pursuing a huge project. These steps help break down doubts and prove the truth. And to take into account aspects of justice down to the possibility and inevitability of saving legislation.

In order to add aspects of this topic to the aspects of this topic, we have to address several aspects, including an introductory introduction to the role of artificial intelligence in facing tax challenges, which includes the concept of artificial intelligence in contemporary tax transactions, and the other aspect is to address the employment of artificial intelligence in overcoming tax challenges.