Tax fraud and evasion have been a major economic problem for many countries including developed ones. It leads to high tax gap, and potentially to low government spending (see source 1 and 2). Governments have been increasingly leveraging technology to reduce the direct and indirect tax evasion. One of the areas that governments resort is indirect tax technology (i.e mandatory reporting of indirect tax data) Indirect tax technology make use of computers and online systems to audit transactional data. As a result, national tax and revenue authorities are able to track and control the goods and services tax ( or value added tax) that taxpayers are liable to pay. Indirect tax technology regulations can be grouped into 3 main subcategories.
- e-invoicing
- real time invoice reporting
- SAF-T and other VAT reports
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