4. Sustainable and Smart System: Rethinking Accounting and Taxation in Portugal

The sustainable development has been the most important strategy for solving problems and joins it with smart information systems that change the answer of the organization to the new tendencies of appropriate transparency, ethical, and legal framework. So, the objective of this paper is to present a smart accounting and taxation system through a computerized and digital business model for the automation of accounting and taxation records that produce more robust information system, and then it contributes to the reduction and the elimination of physical document files and get faster decision to the stakeholder. The methodology of this paper is descriptive and exploratory, with qualitative approach and applied scientific research nature based on the international accounting standards and the Portuguese tax system. The empirical analysis used a technical procedure of the primary data collection that will build a survey through questionnaires and then applied them in accounting organizations in Portugal. The contribution of this paper is to discuss an interactive, connected, and sustainable accounting information system with online information that is capable of promoting digital transformation in two complementary areas (accounting and taxation), providing the stakeholder useful information for making economic and financial decisions in real time.