Re:Estonia wants to become a 'country as a service'
by tyingq on Monday May 02, 2016 @02:25PM
(#11614052)
It's unusual for a government to ask for recordings of individual transactions. Tax forms tend to ask for aggregate numbers on quarterly or yearly boundaries.
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Re:Estonia wants to become a 'country as a service'
by PeterisP on Monday May 02, 2016 @08:50PM
(#11617023)
VAT administration tends to require transaction data.
For sales tax based systems, total aggregate turnover is enough; but to monitor VAT you'd need at least the aggregate volume grouped by all your B2B (VAT paying) customers and suppliers.
Re:Estonia wants to become a 'country as a service'
by superuser2 on Monday May 02, 2016 @06:20PM
(#11616186)
Yes, but you are required to retain much more detailed records and produce them upon request.
Re:Estonia wants to become a 'country as a service'
by tyingq on Monday May 02, 2016 @07:56PM
(#11616795)
In unusual circumstances, like an audit perhaps. Many small businesses go their entire existence without sharing detail level transactions with the government.
So, when it's proposed, it's unusual, and is worthy of concern.