Press release
Tax Compliance Software Market Outlook 2018: Business overview, Industry insights, Upcoming Trends, Top Company Analysis and Forecast by 2025
Tax compliance software is software that assists tax compliance, and may cover income tax, corporate tax, VAT, service tax, customs, sales tax, use tax, or other taxes its users may be required to pay. The software automatically calculates a user's tax liabilities to the government, keeps track of all transactions (in case of indirect taxes), keeps track of eligible tax credits, etc. The software can also generate forms or filings needed for tax compliance. The software will have pre-defined tax rates and slabs and can allocate income or revenue in the right slab itself. The aim of the software is to provide the user with easy way to calculate tax payment and minimize any human error. Tax compliance software has been present in developed countries for long in the form of tax calculators mainly for direct taxes, such as income tax and corporate tax. Gradually some more complex and customized tax compliance software has been designed and developed by organizations around the globe.
In 2017, the global Tax Compliance Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% between 2018 and 2025.
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This report focuses on the global top players, covered
Vertex, Inc.
SOVOS
H&R Block
EGov Systems
Intuit Inc.
Xero
Thomson Reuters
Exactor
Wolters Kluwer
FedTax
Drake Software
BLUCORA
LumaTax
LegalRaasta.com
Service Objects
TaxAct
TaxCut
TurboTax
CompleteTax
Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa
Market segment by Type, the product can be split into
Direct tax compliance software
Indirect tax compliance software
Market segment by Application, the market can be split into
Small Business and Individuals
Midsize Enterprise
Large Enterprise
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