OECD announced the release of IT-formats and guidance to support the technical implementation of the OECD “Treaty Relief and Compliance Enhancement” (TRACE) initiative, as well as to facilitate the broader use of the OECD common transmission system (CTS) for the exchange of information between tax administrations.
Source: KPMG
Latest Posts in "World"
- 63 Country Profiles on E-Invoicing, E-Reporting, E-Transport, SAF-T Mandates, and ViDA Initiatives
- Latest Trends in Global VAT Compliance for Online Businesses in 2026
- EU PINT Billing: Electronic Address Scheme Codes and Identifiers for Credit Note Transactions
- Achieving No-Touch Tax: Evolving Infrastructure for Real-Time Compliance and Future-Proof Operations
- Maximizing ROI: What Sets Successful AI Agents Apart in Accounts Payable Automation
