Technological advancements in accounting have enhanced the tax authority’s ability to monitor compliance more efficiently. The expanded use of electronic audits is enabling higher tax collection while reducing time and minimizing errors. For companies, however, this can be a double-edged sword — making it essential to stay prepared and one step ahead.

The business world has made significant strides in advancing female participation, reaping the benefits that come with it. However, there is still a long way to go to achieve a truly fair and equitable society. Proactive engagement and participation are essential to meet the demands of a modern and inclusive business landscape.

The need for a comprehensive tax reform is clear—one that increases public revenue by expanding the taxpayer base and reducing evasion through the right incentives. However, the current administration has made little progress toward this goal, instead opting to further enhance its already successful audit and enforcement processes, particularly in the face of economic weakness.

When a government, regardless of its political affiliation or orientation, seeks to influence the functioning of economic and financial markets with the aim of maximizing public welfare, it often creates an environment of uncertainty that disrupts competitive conditions. Proactive measures and risk mitigation strategies become essential in such scenarios.