Tax is usually a key issue on the board’s agenda and a central factor in business decisions. Boards are looking for pragmatic ways to efficiently manage tax functions and risks. Besides, in today’s age of digital transformation, organisations are evolving with innovative business models, using technology to mitigate barriers of physical boundaries to operate globally.

Given the pace of transition, tax policymakers are making frequent and necessary changes to the tax laws. Further, there has been a tremendous change in the way tax authorities function today and seek information towards various tax compliances. Accordingly, businesses would need to be more agile and proactive to review changes in the tax laws and comply with the requirements of tax authorities.