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How the EU’s 2nd largest economy plans to go CTC

Spurred on by international reforms for continuous controls of VAT transactions (“Continuous Transaction Controls” or “CTCs”), the French government aims to increase efficiency, cut costs and fight fraud through the roll-out of mandatory B2B e-invoice clearance, which coupled with an e-reporting obligation will give the tax administration access to all relevant data for B2B and B2C transactions, starting with large companies.

Source: SOVOS

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