Continuous transaction controls (CTC) are a significant change in how tax authorities gather business transaction data, allowing real-time or near real-time collection directly from business processes. This improves over retroactive audits and reliance on taxpayer records. CTC models can influence e-invoicing, with centralized models making it mandatory and decentralized models simplifying data reporting. The shift towards real-time data collection offers benefits such as enhanced tax compliance and combating fraud and evasion.
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
