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The Future of Tax Control: Embracing Real-Time Compliance and Interoperability in a Digital World

  • The CIAT Practice Principles for Continuous Transaction Controls (CTCs) mark a shift toward real-time, objective tax validation and increased collaboration between tax authorities and businesses.
  • The 5-corner interoperability model is emerging as a new standard, integrating tax compliance with business automation; the UAE will be the first to mandate this model.
  • CTC frameworks are expanding to include sustainability, transport, and payment documents, but administrative silos hinder efficient integration and reuse of IT infrastructure.
  • Implementation timelines are often unrealistic, causing stress for businesses, and local certification requirements create non-tariff barriers that limit competition and innovation.

Source: comarch.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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