- Blockchain technology will have a greater impact on various tax topics in the future, particularly in the fight against VAT fraud.
- It has the potential to reduce administrative burden and improve processes, such as standardizing e-invoicing.
- Germany has recognized the advantages of blockchain in combating VAT fraud and aims to integrate it into national solutions.
- The use of blockchain can also reduce compliance requirements for the private sector and offer advantages for cross-border transactions.
- However, there is still limited empirical data for an e-reporting system based on blockchain.
Source Verband-e-rechnung
