New Incentives to Boost Electronic Transactions and Combat Tax Evasion

The next steps in the campaign to increase electronic transactions for curbing tax evasion are being mapped out by the Independent Authority for Public Revenue (AADE). According to AADE’s Strategic Plan, by 2025, the reform of connecting cash registers with POS terminals will continue, aiming to directly record electronic transactions in real-time for monitoring purposes. This aims to address issues of tax evasion and revenue concealment by businesses and professionals. Following the successful integration of cash registers with card payment terminals, the next step involves creating infrastructure and applications for monitoring and controlling cash register transactions. Advanced data analysis techniques will be employed to reveal high-risk fraud patterns and transaction concealment, alerting potential tax evaders. By mid-2025, AADE is expected to implement interventions to reduce administrative burdens on businesses, encouraging greater tax compliance and increasing electronic transactions. To achieve this, the tax authority plans to maintain and further extend incentives for businesses using electronic payment methods. By fostering trust and ensuring compliance reduces tax fraud and smuggling, compliant entrepreneurs will be rewarded with expedited tax refund processes.