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VAT modernisation: the Continuous Transaction Control challenge

An increasing number of tax administrations are introducing digital VAT reporting requirements in an effort to reduce instances of VAT fraud and under-collection. So far, countries have implemented their own legislative obligations along with bespoke technological requirements. This is causing a significant challenge, both operationally and from a systems and technology perspective. Establishing a scalable solution to satisfy these obligations is now a critical task for organisations.

Source PwC

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