The use of generative AI tools in the tax profession

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

The use of generative AI tools in the tax profession

Sponsored by

sponsored-firms-kpmg.png
artificial-intelligence-7834467.jpg

After the initial hype, Lachlan Wolfers and Garth Roark of KPMG consider whether generative AI is seen as a fear, foe, or friend in the tax world, and explain how it could help practitioners

Generative AI tools have taken the world by storm. For tax professionals, this is no different, and it is necessary to evaluate how these generative AI technologies can, and might, enhance what tax professionals and organisations are capable of doing in the medium to long term.

An associated report linked to below explores:

  • Data, to information, to knowledge, to wisdom;

  • What fuels generative AI technologies?

  • Use cases of generative AI in the tax profession;

  • A word of caution; and

  • Where does the future of the tax profession lie?

The report explores how generative AI can assist across the tax function, and considers the future of the tax profession in a world inhabited by generative AI tools.

Areas of the tax function and how generative AI can help

Tax compliance


Generative AI tools (including working alongside traditional tax compliance tools) have the potential to streamline and render obsolete many of the very time-consuming aspects of any tax compliance process.

Tax controversy


In advance of tax controversy matters, generative AI can help tax professionals to identify, react to, and report on potential areas of controversy risk based on this information.

Tax advisory


Generative AI technologies can provide instant access to aggregated knowledge and insights, enabling tax functions to focus more on value creation and strategic activities.

Transactional activities


Generative AI can be a valuable collaborator in transaction work, helping tax professionals to access better information, make better-informed decisions, and communicate complex tax concepts and strategies more effectively to stakeholders with different backgrounds and levels of understanding.

Knowledge management


Generative AI can not only assist with the accumulation of this knowledge, but also in more effectively drawing insights or conclusions from it. And in a world in which changes in rules, regulations, and business models evolve at lightning speed, tax professionals may finally feel like they can keep up.

Business integration


Generative AI tools can help advance business integration by providing data analysis and insights closer to real time, generating simplified analyses and narratives for complex tax concepts and regulations, and producing tax impact analysis and personalised executive summaries.

Read the original version of this article on KPMG’s website: The use of Generative AI tools in the Tax Profession – After the initial hype – Fear, Foe or Friend?

Access more KPMG Future of Tax content here.

more across site & shared bottom lb ros

More from across our site

Michel Braun of WTS Digital reviews ITR’s inaugural AI in tax event, and concludes that AI will enhance, not replace, the tax professional
The report is solid and balanced as it correctly underscores the ambitious institutional redesign that Brazil has undertaken in adopting a dual VAT model, experts tell ITR
The Brazilian law firm partner warns against going independent too early, considers the weight of political pressure, and tells ITR what makes tax cool
The lessons from Ireland are clear: selective, targeted, and credible fiscal incentives can unlock supply and investment
The ITR in-house award winner delves into his dramatic novelisation of tax transformation, and declares that 'tax doesn’t need AI right now'
Recent news of job cuts at EY is symptomatic of how the PwC controversy has tarnished the reputation of the entire ‘big four’
Experts reportedly discussed extending the safe harbour to 2027 to give countries more time to legislate; in other news, Baker McKenzie and Greenberg Traurig made senior tax hires
Awards
Submit your nominations to this year's WIBL Americas Awards by January 23
Recent changes in UK tax rules and cross-border requirements are generating high demand for specialist advice, according to MHA
Hany Elnaggar examines how Gulf Cooperation Council countries are internalising transfer pricing norms within evolving fiscal systems shaped by both Islamic and international influences
Gift this article