Asserts Wright, “It is possible to integrate a value-added tax directly into Bitcoin using script. Doing so would allow an organisation to pay its VAT [value added tax] instantly on the sale of goods or services. Further, it can be integrated in such a way that even a reversal from the customer would allow instant and automated taxes to still apply without fraud.”
Source: coingeek.com
Latest Posts in "World"
- Fernando Matesanz Recognized by Chambers as Leading International VAT Expert in Spain
- 66 Country Profiles on E-Invoicing, E-Reporting, E-Transport, SAF-T Mandates, and ViDA Initiatives
- Avoiding Costly Cross-Border VAT Compliance Pitfalls: Key Risks and Solutions for Finance Teams
- Key Steps for Successful ERP Migration: Master Data, Logistics, and Indirect Tax Configuration
- E–invoicing Developments Tracker
