AI (Artificial Intelligence) in Taxation

Artificial Intelligence (AI) in taxation refers to the use of advanced computer systems to streamline tax processes. AI can analyze vast amounts of data quickly, helping identify discrepancies, improving compliance, and detecting fraud. It assists tax professionals by automating routine tasks, enhancing accuracy in tax calculations, and providing insights through predictive analytics. This technology allows tax authorities to optimize audits and enhances the overall efficiency of tax administration, leading to fairer and more effective tax systems.