Vertex, Inc., a leading provider of tax technology and services, recently held its annual Vertex Exchange Europe Conference at the Hotel Okura in Amsterdam, The Netherlands.
This premier event for European business tax technology professionals featured Miguel Silva Pinto, Intra-European Organisation of Tax Administrations (IOTA) executive secretary, who presented the keynote address. As part of the keynote, Silva Pinto, as well as Vertex President and CEO David DeStefano and Director of VAT Danny Vermeiren, discussed the digitalisation of tax. They outlined the challenges and opportunities this creates, how these trends are triggering changes within tax administrations, how technology can help businesses stay compliant, and navigate the increasingly complex tax landscape.
The theme of the conference was "Leading Tax Forward" and featured discussions around what global tax departments need in terms of advanced tax solutions to deal with increased pressure from governments, complex tax compliance, and digital transformation efforts.
“Companies will not be able to avoid digitalisation,” said Silva Pinto during the keynote. “Technology impacts all aspects of our life, including taxes, changing the relationship between tax administrators and taxpayers. Modernisation and digitalisation of tax requires active participation and collaboration between stakeholders including tax administrations, businesses, technology developers, and tax intermediaries. IOTA has already started to lead the way in these efforts.”
“From changing compliance requirements to disruptive business models and growing demand for strategic support, corporate tax is in constant motion,” said DeStefano. “We are committed to understanding and anticipating tax industry-transforming trends and enabling our clients with the capabilities to lead through the change.”
Vertex, Inc. is a leading provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use, value added and payroll. Headquartered in Pennsylvania, and with offices worldwide, Vertex is a privately held company that employs over 900 professionals and serves companies across the globe.
For more information follow Vertex on Twitter @vertexinc.
Tricia Schafer-Petrecz, Vertex Inc.