With Continuous Transaction Control systems,

[nurmohammadkhan]

Usually, in fact, tax control and liquidation has a couple of limitations, which sometimes make the verification and liquidation operations anything but simple.

First of all, the assessment is somehow tied to the taxpayer's declarations , who provides a "report" of the activities carried out, documents, invoices, on the basis of which the authorities act. This means that the assessment is in itself circumstantial to this information or in any case to the documents that can be found during the verification phase : consequently, the control is necessarily limited.

Secondly, the assessment is made equally complex by the fact that it occurs at malaysia whatsapp resource a later time than when the transaction is concluded and the invoice is issued.

Consequently, any authority finds itself in the uncomfortable position of having to move backwards, reconstructing what the intermediate steps were and verifying whether the legal requirements were met, all while taking into account the “physical” limit of the reports and documents that taxpayers produce.

This changes radically, since authorities have the ability to monitor transactions in progress and even preliminarily verify that certain operations are compliant with legal provisions, thus preventing any violations.

Furthermore, by moving the field of action directly to the cloud, all management and monitoring operations become more fluid and faster: from this point of view, in fact, CTC systems bring with them all the typical advantages of digitalization, which allows to dematerialize documents and make them more easily traceable and retrievable according to needs.