In the post-audit model, businesses issue invoices independently without mandatory submission to tax authorities, but authorities can request access and review invoices later to ensure compliance and accuracy. Key characteristics include: flexible process, periodic audits, reduced immediate compliance costs but higher risks of non-compliance penalties, and detailed invoice storage requirements. The clearance model involves real-time government validations, more control points, and immediate compliance costs but lower risks.
Source Fonoa
lick on the logo to visit the website
Latest Posts in "World"
- 2026 OECD Global Forum on VAT: Addressing Digital Economy, Crypto-Assets, AI, and Compliance Challenges
- Enhancing VAT Compliance: The Impact and Benefits of Voluntary Disclosure Agreements (VDA)
- E-Invoicing & E-Reporting developments in the news in week 39/2025
- Transfer Pricing Adjustments: Implications for VAT and Customs
- White Paper: The global shift to eInvoicing
