Continuous Transaction Control Increases Country Revenue

[nurmohammadkhan]

And the results of this operation were not long in coming: in the space of a few years - considering that the last "relevant" implementations date back to the 2019/2020 year - the level of VAT tax evasion dropped to 20%, allowing the national VAT GAP to be reduced with other member countries of the European Union (source: Corriere.it).

This very fact introduces the first formidable advantage that can be obtained as a country system, once one decides to adopt a Continuous Transaction Control model.


As the Italian example shows, the digitalization of transaction and control systems australia whatsapp resource is convenient for those who implement it. Electronic invoicing, after all, is a preparatory measure and comparable to Continuous Transaction Control systems and as such ensures the possibility for a country to see an increase in tax revenue. The thing is intuitive: by improving the effectiveness of controls by supervisory authorities, each State can have access to resources that were previously taken away from it.

From this point of view, our country represents once again a perfect case study: to date, in fact, Italy has obtained from the digitalization of controls the surprising sum of 3.5 billion euros , to which we must also add the earnings related to VAT revenue which have increased to over 2 billion euros.