EU4PFM funds another project to enhance the effectiveness of the risk-based approach

EU4PFM and the State Tax Service have signed a contract to develop software for the Data Accounting System for Cash Registers.

This initiative aims to assist the STS in:

• analysing data to promptly identify tax risks and manage them efficiently
• enhancing the effectiveness of the risk-based approach by targeting only those enterprises for tax audits where risks have been identified, thereby not disrupting fair businesses.

This initiative will contribute to the detinisation of cash-based transactions, elevating the competitiveness of businesses. This, in turn, will serve as a prerequisite for ensuring a stable tax revenues to the budget.

Thanks to this new development, businesses will have the capability to access data from cash registers and electronic cash registers, simplifying accounting.