In the making new incentives to increase electronic transactions and restriction of tax evasion

The next steps in the “campaign” of increasing electronic transactions to limit the tax evasion The Independent Public Revenue Authority is launching (AADE).

According to the AADE Strategic Plan, in 2025 the reform of the cash registers interconnection with POS aimed at e -transactions will be recorded directly and in real time by the tax office, resulting in tax evasion phenomena and revenue concealment.

Following the successful interconnection of cash registers with card payment terminals, the next step is to create infrastructure and applications for monitoring and controlling cash registers, and through the use of advanced data analysis and risk techniques will be revealed by highly probability of fraud and transactions.

In 2025, AADE is expected to intervene in order to reduce the administrative burden on businesses, thereby aspiring their tax compliance and increased electronic transactions.

In this regard, the tax authority plans to maintain and further extend the incentives to businesses to make electronic means.

On this basis, wanting to establish a relationship of trust with businesses so that their tax compliance can help avoid tax – fraud and smuggling, will reward consistent entrepreneurs with facilitations in the collection of tax refunds.