A new and growing reporting trend in Europe, despite the current pandemic, is the move towards more transaction-based reporting – also known as Continuous Transaction Controls (CTCs). In an economic climate where the protection of government revenue bases is more important than ever, we still see the continuing trend of mandates providing governments with more visibility over data, and more control of the right to deductions at the first instance. While taxpayers would generally welcome greater transparency, this can also place greater strain on both IT and tax technical resources. So, the question is, how can tax functions stay in front of these new mandates in a cost and risk effective way?
Source: SOVOS
Latest Posts in "Greece"
- Administrative Support Services Subject to VAT When Not Closely Linked to Social Welfare
- Greek Parliament Approves Mandatory B2B E-Invoicing Bill, Implementation Expected by 2027
- Greece Establishes Mandatory B2B E-Invoicing Law, Awaiting Technical Details and Implementation Date
- eInvoicing in Greece
- When Tax Authorities Wrongly Reject VAT Deductions: Legal and Practical Implications
