We a re i n a wo r l d w h e re a l m o st e ve r y t h in g i s co n n e c t ed b y t e c h n o l o gy

“ … … . b u t i n t h i s wo r l d n o t h i n g ca n b e s a i d t o b e c e r t a i n , exc e p t d e at h a n d t axe s .”

B e n j a m i n F ra n k l in m e n t i o n ed t h i s way b a c k i n a 1 7 8 9 l e t t e r.

Is technology not the third exception today?

D i s r u p t i on h a s b e co m e t h e n e w n o r m a l

COUNTRIES ADOPTING DIGITAL TAX ADMINISTRATION

• India implemented new GST requirements to submit detailed transactional level data

• Spain implemented new requirement to submit daily invoice level detail

• Italy introduced B2B e-invoicing and updated quarterly VAT obligations with detailed invoice data

• Costa Rica is scheduled to make e-Invoicing mandatory for B2B transactions

• Norway plans to adopt and implement SAF-T requirements

• Brazil introduced new obligations for payroll – (eSocial) and EFDREINF

• Hungary is in the process of introducing live invoice reporting requirements starting July 1, 2018

• Malaysia plans to use analytics for E-Audits on payroll tax

• UK’s HMRC plans to implement ‘MTD’ reporting for VAT in April 2019

• Colombia plans on addinge-Invoicing and e-Accounting requirements

• UK’s HMRC plans to introduce ‘MTD’ for other taxes besides VAT in 2020.

• Australia’s ATO plans to further digitize its tax administration through extensive use of analytics

• New Zealand is following suite with Australia in its move to digital tax administration`

2017 2018 2019 2020

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ANSWER TO GLOBAL TAX TECHNOLOGY NEEDS

ONESOURCE Suite of Solutions

Fortune 100

87% 74%

Fortune 1000Fortune 500

79%

Financial Times Global 500

60%

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