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
CLICK HERE to read the rest at taxtechnologytalks.com
Latest Posts in "World"
- AI In Tax: Common Pitfalls That Keep Projects From Taking Off
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Understanding VAT Implications for Borderless Workers: Key Considerations for Global Mobility
- OECD Report 2025: Tax Reforms Target Health Costs, Aging, and Sustainability with New Measures
- 7 Essential Steps for International VAT Registration and Compliance Success
