In Europe, tax compliance is becoming more digital, and governments are introducing more e-filing systems. In the Netherlands, for example, the implementation of the EU’s digital VAT system (e-invoicing and real-time reporting) will change how accountants handle indirect taxes.

With the OECD’s global tax reform (including the Base Erosion and Profit Shifting (BEPS) framework and the digital services tax), accountants will need to keep up with changes that affect multinational companies operating across borders. International tax planning and compliance will become more challenging as companies face a patchwork of digital tax systems and environmental regulations across borders.

Finally, enhanced regulatory requirements for Anti-Money Laundering (AML) and Know Your Client (KYC) compliance will continue to impact accountants, especially in financial institutions and advisory roles. The Netherlands and many European countries have adopted more stringent anti-money laundering frameworks, which accountants will need to incorporate into their practices.

Need more information regarding compliance and digitalization? We’re always happy to hear from you via newbusiness@kcaccounting.nl