Implementing assertive tax management is one of the biggest challenges for every entrepreneur. This is because tax legislation is vast and complex, and the tax burden is excessive.
Brazil is one of the countries with the highest tax collection in the world. Even in the midst of the pandemic crisis, about BRL 1,685 trillion were collected in 2021 – a record amount noted by the Federal Revenue Service.
Fortunately, important technological advances are helping decision-making in various business areas, contributing to effective management of both taxes and finances.
About 40% of national companies already adopt Artificial Intelligence in some process of their business, according to a survey commissioned by IBM and carried out by Morning Consult.
It is undeniable that artificial intelligence used in industrial processes can greatly increase productivity, contributing to greater knowledge of the workforce, according to a study carried out by IDC – an idea that is certainly applied to cash flow control.
With AI applied to tax management, those responsible for making strategic business decisions can visualize, in interactive spreadsheets, the management data of tax liabilities and assets, in addition to obtaining various payment scenarios, automatically generated based on the history of legislative changes. , especially in the granting of special installments.
The use of technology in organizational tax management allows the automation of the detailed audit process of all tax liabilities, aiming to seek debts reached by decadence, prescription, mapping of duplicity of charges, defects in tax debts related to the illegality or unconstitutionality of each case , based on the analysis of extensive data from judgments handed down by judicial and administrative courts.
Once this information is processed, it is possible to prepare a management report, covering various debt equalization scenarios, through installments, transactions, guarantees, recovery of credits for compensation, etc.
The compilation and analysis of data, transforming them into strategic information is a powerful weapon of tax management, enabling the financial modulation of the company so that it can bear its liabilities.
It is worth remembering that the Tax Authorities, especially at the federal level, have been increasingly using technological instruments and the most advanced BI (Business Intelligence) techniques in the collection of active debt. The Attorney General’s Office of the National Treasury, for some time now, has been using the “PGFN Analytics” system, through which relevant information is presented, in a graphic way, for the prosecutors’ decision making, from signs of reduced economic activity, dilapidation assets, fraudulent departure of partners, tax enforcement fraud and business succession.
The increasingly frequent use of technology by the tax authorities imposes on the taxpayer the need to rely on equally technological tools to efficiently manage their tax demands.
Human and artificial intelligence need to be crossed and walk together in order to successfully control the tax liabilities and assets of companies. Only then will it be possible to identify the best solutions for debt payments and credit recovery.
By Angelo Ambrizzi
Angelo Ambrizziis a lawyer specializing in Tax Law from IBET, APET and FGV with an Extension in Finance from Saint Paul and Turnaround from Insper and Leader of the tax area at Marcos Martins Advogados.
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