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A new blockchain-based value-added tax system

Version 2 2024-06-13, 17:14
Version 1 2020-05-05, 15:50
conference contribution
posted on 2024-06-13, 17:14 authored by Dimaz Wijaya, JK Liu, DA Suwarsono, P Zhang
© 2017, Springer International Publishing AG. Value-Added Tax or VAT plays an important role in the Indonesian state revenue. Despite its importance, it requires a complex administration process to be done properly. The complexity of the tax administration creates loopholes that can be exploited by dishonest taxpayers to minimize the tax paid to the government. The current system does not prevent the dishonest taxpayers to forge tax invoices which bring tax loss for the government. We utilize the blockchain technology to create a novel approach of implementing the distributed ledger in taxation area. Our proposed protocol creates a transparent and secure VAT system as well as simplifies the process of administering the VAT. The system increases the tax compliance by reducing the risk of tax fraud and increasing the monitoring capability of the tax authority.

History

Pagination

471-486

Location

Xi'an, China

Start date

2017-10-23

End date

2017-10-25

ISSN

0302-9743

eISSN

1611-3349

ISBN-13

9783319686363

Language

eng

Publication classification

E1.1 Full written paper - refereed

Editor/Contributor(s)

Okamoto T, Yu Y, Ho Au M, Li Y

Title of proceedings

ProvSec 2017 : Provable security : 11th International Conference, ProvSec 2017, Xi'an, China, October 23-25, 2017, Proceedings

Event

Provable Security. Conference (2017 : 11th : Xi'an, China)

Publisher

Springer

Place of publication

Cham, Switzerland

Series

Lecture Notes in Computer Science; 10592

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