- Tax compliance is undergoing a “silent revolution,” shifting from backward-looking, declaration-based models to real-time digital oversight by governments, driven by the need to close the “VAT Gap” and increase transparency.
- This shift, exemplified by e-invoicing and Continuous Transaction Controls (CTCs), means invoices are no longer private documents but require electronic validation and reporting to tax authorities in real-time, making compliance a critical technology and ERP integration challenge.
- Companies like RTC are developing centralized, scalable infrastructure to bridge ERP systems with tax authorities, transforming tax compliance into a strategic, mission-critical function for CFOs and CIOs, where “wait and see” is no longer a viable strategy.
Source Ridvan Yigit
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