Continuous Transaction Control improves the efficiency of authorities' controls

[nurmohammadkhan]

These data are confirmed by the Director of the Revenue Agency Ernesto Maria Ruffini, who underlined how the introduction of these digital solutions in the tax sector not only withstood the blow of the pandemic well, showing all its effectiveness, but provided a key simplification tool in such a delicate phase as the one just passed.

As can be seen from the data reported in the previous paragraph, the introduction australia whatsapp resource of a Continuous Transaction Control system allows all countries not only to see a significant increase in their cash flows, but also to streamline some internal processes, such as tax control. In fact, if we look closely, in most countries the controls are carried out by the authorities only ex post, after a more or less long period of time from the moment the transaction took place, which makes the assessment not always easy and effective. In addition to this, the checks carried out suffer from another major limitation, that of being at least initially limited to the documents and reports presented by the parties involved in the transactions.

This means that the verification is necessarily limited and everything that does not have an immediate documentary confirmation must be recovered and verified with a further inspection activity, which translates into additional time and resources that must be deployed by the control authorities. Continuous Transaction Control systems have the great advantage of changing this type of approach, putting the authorities in a position to be able to carry out their verification and monitoring functions no longer "passively" , but in a proactive and timely manner.

And this benefit can be perfectly understood by describing the main ways in which CTC processes function.

Two CTC models for real-time monitoring
The efficiency that Continuous Transaction Control systems are able to ensure to tax control authorities is linked to the fact that each transaction can be verified in real time or even preliminarily approved. And this immediacy of control is made possible precisely thanks to the functioning of CTC models, which are divided into two macro-categories.