KPMG report: Impact of e-invoicing mandates on intercompany transactions
Impact of continuous transaction control mandates on the reporting of intercompany transactions
Impact of continuous transaction control mandates
The global surge in continuous transaction control (CTC) systems is a trend that cannot be overlooked. These CTC systems manifest as electronic invoicing (e-invoicing) or digital reporting mandates, compelling taxpayers to submit all transactional data to tax authorities in real time or near real time. Specifically, over the past decade, more than 30 jurisdictions have enforced some form of e-invoicing mandate, and a majority of the Group of 20 economies have implemented or are planning to introduce such a mandate within the next few years.
Read a June 2024 report* prepared by KPMG LLP tax professionals that examines the impact of continuous transaction control mandates on the reporting of intercompany transactions.
* This article originally appeared in The Tax Adviser and is provided with permission.
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