We’ve recently seen several Eastern European countries begin their journey of implementing continuous transaction controls (CTC) as an efficient tool for combating tax fraud and reducing the VAT gap.
The CTC frameworks may vary in nature, scope and implementation, but they all have one thing in common: an ambition to achieve operational efficiency for businesses as well as increase government control over business data to combat tax fraud and evasion.
Let’s take a closer look at some of the upcoming CTC developments in the region.
- Slovakia
- Bulgaria
- Serbia
- Romania
- Croatia
Source: SOVOS
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