AI-Powered Tax Optimisation: Redefining the Taxation Profession in the Digital Age

AI is transforming the taxation profession, altering the way tax professionals are expected to perform their jobs. This paper discusses how AI tools are changing how taxpayers approach tax optimisation, and what new set of skills and ethical thresholds need to be navigated in the digital world. AI enables tax practitioners to shift from time-expensive processes to advisory-based structures by automating repetitive tasks, streamlining compliance, and introducing predictive technology. It focuses on the potential merits of AI in the labour market, with the advent of growing efficiencies and interdisciplinary engagement with other professionals, as well as the exposure of professionals to complex issues arising from central global taxes. At the same time, it highlights the challenges of continuous reskilling and the ethical complexities of decision-making driven by artificial intelligence. That means that these data suggest AI will change the face of the taxation profession, and it will be up to professionals to navigate the new terrain.