With VAT gaps growing worldwide, tax authorities are introducing increasingly stringent controls aiming to tighten tax controls, increase revenue and obtain more data on the health of their economy.
We’ve recently observed several countries, especially in Eastern Europe, begin their journey by implementing or announcing their intention to implement continuous transaction controls (CTC) e-invoicing. CTC e-invoicing is one of the most efficient ways to gain more significant insight into a company’s transactions and the entire economy. However, once CTC e-invoicing is established, many governments tend to look beyond and on to the next tool that can enable them to deepen their understanding: e-transport documents.
Source Sovos
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