Continuous Transaction Control Makes Every Country More Attractive
Posted: Tue Jan 07, 2025 6:26 am
The result of this choice has quickly borne fruit : Mexico has significantly reduced the number of tax frauds, increasing revenue by approximately 300 million dollars; the same thing has happened to Chile, which has collected 194 million dollars more from digital services; Ecuador has also recently adopted these solutions and has already estimated that it will collect more than 19 million dollars in additional revenue (source: CPA).
The same positive impact has also been seen on the other side of the world, among the australia whatsapp resource member countries of the European Union. For example, Romania is accelerating the adoption of a Continuous Transaction Control system, as it is in a real “VAT emergency”, having one of the largest revenue gaps in Europe. Slovakia has also implemented these same measures and has started a positive trend that is leading it to lower the VAT gap, which is currently above 20%, so that it can align itself with the European average in a few years.
Another advantage that the entire country system can derive from the use of Continuous Transaction Control systems is that of facilitating transactions with foreign countries , making them safer and more traceable. In fact, it is possible to imagine that in the future the various CTC systems that have currently been implemented in the various States without a homogeneous order will be progressively brought back to shared forms and operating processes. This should allow the creation of international platforms in which the various transactions can be recorded, so as to make them easily traceable.
The same positive impact has also been seen on the other side of the world, among the australia whatsapp resource member countries of the European Union. For example, Romania is accelerating the adoption of a Continuous Transaction Control system, as it is in a real “VAT emergency”, having one of the largest revenue gaps in Europe. Slovakia has also implemented these same measures and has started a positive trend that is leading it to lower the VAT gap, which is currently above 20%, so that it can align itself with the European average in a few years.
Another advantage that the entire country system can derive from the use of Continuous Transaction Control systems is that of facilitating transactions with foreign countries , making them safer and more traceable. In fact, it is possible to imagine that in the future the various CTC systems that have currently been implemented in the various States without a homogeneous order will be progressively brought back to shared forms and operating processes. This should allow the creation of international platforms in which the various transactions can be recorded, so as to make them easily traceable.