TRS for C2C

The primary objective of the TRS for C2C is to provide the infrastructure for legalizing C2C taxpayers, simplifying the calculation and payment of taxes for them, and creating incentives for legalization

About

TRS for C2C supports tax administration in one of the most complex areas: the taxation of economic transactions between individuals without creating entrepreneurial entities

Statistics show that the volume of transfers between people within countries exceeds the volume of official trade and remains largely untaxed by the government due to the massive number of taxpayers and the limitations in the government's control and enforcement capabilities

Key Capabilities

Involvement of digital platforms through which citizens receive orders and income from buyers in registering as taxpayers and transmitting information about orders and income received
Involvement of banks in transmitting information about received income and tax payments
Simplified registration and tax registration process via smartphone without visiting tax offices
Simple income registration process through a mobile application or integration with digital platforms and banks
Issuance of electronic tax receipt to the buyer via SMS or email
Automatic tax calculation on the tax authority's side, eliminating the need to file a tax return
Tax payment through a mobile application or integrated banks
Issuance of income certificates to taxpayers for obtaining loans and government assistance