Practice Principles for Implementation of CTCs

EESPA-ICC-Practice Principles for Implementation of Continuous Transaction Controls (CTCs)

Continuous Transaction Controls (CTCs) increase the effectiveness of public administration controls. CTCs enable law enforcement agencies to collect data associated with business activities, address the inefficiencies that have always characterized the use of retroactive audit, and eliminate the dependency on a “static” approach based on the evaluation of historical evidence ledgers. CTCs for tax have the potential to increase tax collection while at the same time promote efficiency and economic growth.

In this paper, the International Chamber of Commerce highlights seven principles that the authorities who plan to implement a CTC system should consider. 

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