What is Continuous Transaction Control and how is it changing in Europe and around the world?

[nurmohammadkhan]

Continuous Transaction Control is a revolutionary digital technology that is spreading all over the world, starting from Latin America, up to Italy. However, its application also varies greatly from country to country: let's see how.

Continuous Transaction Control (acronym CTC) is a reporting or settlement model for transactions based on invoices actually issued or a subset thereof, made possible thanks to the solutions made available by digital transformation (Source: EESPA).

In other words, the CTC is a digital tool, which usually uses cloud technology to macedonia whatsapp resource carry out tax controls on business activities. Continuous Transaction Control systems, in fact, allow the collection of a large amount of data relating to transactions carried out by all companies in real time or near real time.

This aspect represents a notable strength of this digital innovation, which in a certain sense promises to revolutionise (and to a large extent is revolutionising) the activity of tax control and collection .



When the tools change, the whole approach changes
The revolution lies in the fact that a tool of this type radically changes what the authority responsible for control and liquidation can do , since it radically modifies the timeframes in which the authorities themselves carry out their activities.