This blog was last updated on September 2, 2021
Join Anna Norden, Regulatory Counsel at Sovos, as she discusses France’s upcoming move to Continuous Transaction Controls. Continuous Transaction Controls is an approach to tax enforcement whereby transactional data is submitted to the government in conjunction with the actual exchange of such data between the transacting parties. It means that the government gets access to transaction data in more or less real-time. There are several benefits with such a system; it can generally increase efficiency and cut costs both for the taxpayer and administration, as well as ensure tighter state controls leading to less fraud and decreased VAT gap. But getting this kind of data real-time can also be used by governments to monitor businesses’ development and make forecasts, both in terms of tax revenue as well as general macro-economic health and trade.
Hear her discuss the following questions:
- Why are tax authorities around the world implementing CTCs?
- Can you talk us through the upcoming French CTC system and e-invoice mandate?
- What is the timeline for rolling this CTC scheme out?
