Contract for development of IT system for transfer pricing risk analysis signed

A contract was signed for the development of an automated IT system designed to process big data and analyse transfer pricing risks.

This system will ensure the automation of tax control procedures to establish compliance with transfer pricing rules, focusing on:

• enhancing risk-based approaches
• increasing the speed, accuracy, and efficiency of results
• improving voluntary tax compliance level
• minimising the impact of the “human factor”

This project is the outcome of the collaborative efforts of EU4PFM and the State Tax Service. In addition to financial support, EU4PFM has provided expert assistance in formulating the methodology and, as a result, the technical requirements for the development and implementation of this IT system. With the contract signed, the immediate implementation phase of the project commences.

We are pleased to support the State Tax Service in adopting new approaches and IT technologies in their operations!