engleski

Digitalization of Accounting and Tax Processes – Challenges and Opportunities for Accountants and Tax Administrators

Given the many positive aspects of digitalisation, the paper will explore to what extent digitalization of accounting processes contributes to more efficient business operations and possible cost reduction. Digitalisation of the tax system implies the possibility of filing electronic tax returns, but it is also expected that tax administrators will provide a better, streamline service and become more efficient in carrying out their work. In this way, it would leave more space for the owners of the enterprise to deal with their core business, rather than spend time and resources on the often demanding administration. However, in addition to the above, it should be noted that it is especially important to accept the risks and limitations resulting from such ways of doing business. Specifically, electronic business requires good infrastructure for all stakeholders in the process of digitalization. Based on the above, the paper will critically analyse the advantages and potential constraints of digitalization and its impact on the simplification of accounting and taxation processes. The main goal of the paper is to analyse current state and trends in the digitalization of financial reporting and taxation in Croatia. The research methodology includes secondary research of relevant literature as well as the primary desk research of the achieved degree of digitalization in the field of accounting and taxation in the Republic of Croatia. The important finding of the research show that some changes have been made. The basis for the widespread use of electronic business has been introduced. The normative acts which regulate the use of electronic signatures and issuance of e- invoices have been adopted, cloud computing is increasingly evolving, the tax administration continuously expands the offer of its electronic services. Therefore, a significant momentum can be expected in e-business of Croatian economy.

Digitalization, challenges, opportunities, accountants, tax administrators, Croatia

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