Tax Accounting in the Age of Artificial Intellingence

The role and scope of tax accounting have changed in the last few decades. According to the traditional definition, accounting serves as a means of tax collecting, and the main focus of this process is to present the company’s business performance, financial strength, and liquidity. Firstly, the field of interest in accounting was expanded by the requirement of business improvement. The basic language of accounting was enriched by providing solutions to various tax problems. The need for efficient tax management involves optimizing the tax burden and tax risks, but also limiting possible conflicts with the tax authorities. These include tax planning and careful treatment of transfer prices. On the road to digitalizing business and financial processes, as well as artificial intelligence, tax accounting will play an important role in preparing accounts in the form of reports to external and internal users, especially in terms of tax obligations, liabilities, and tax planning possibilities. The goal of the paper is to find an answer to the question: What will be the role and importance of tax accounting in the age of digital technology and artificial intelligence?