AI is also transforming taxation

According to EY’s survey of 1,600 executives in 30 countries, AI could increase efficiency in taxation and finance by nearly 30%.

AI creates real value only when skilled professionals use it with structured data and well‑designed operating models,” András Módos, Head of Tax and Legal at EY emphasized

This article is available for reading in Trade magazin 2026/02-03

Tax departments are grappling with geopolitical tensions, regulatory pressure and labour shortage. 80% of respondents consider the global minimum tax to be the biggest challenge. The majority believe that the coordinated use of data and AI could bring about a real breakthrough, but only half of companies have a long-term strategy in place.