Fintech's Role in Automating Taxation and Compliance

Author(s)	Mr. Advik Dhingra
Country	India
Abstract	FinTech is transforming taxation and compliance by automating processes, improving efficiency, and enhancing regulatory oversight. This research explores how AI, blockchain, quantum computing, and cloud-based solutions streamline tax administration, reduce fraud, and improve financial inclusion. While automation has increased accuracy and reduced costs, challenges such as cybersecurity risks, data privacy concerns, and inconsistent global regulations remain. The study recommends stronger collaboration between regulators and FinTech providers, the adoption of scalable solutions by businesses, and a focus on cost-effective, user-friendly innovations by FinTech developers. Ultimately, FinTech has the potential to modernize tax compliance, but further research is needed to address regulatory gaps and ensure widespread accessibility.
Keywords	FinTech, taxation, compliance automation, AI in taxation, blockchain, quantum computing, financial inclusion, regulatory challenges, tax fraud detection, global tax standardization.
Published In	Volume 7, Issue 3, May-June 2025
Published On	2025-05-16
DOI	https://doi.org/10.36948/ijfmr.2025.v07i03.44419

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