A new blockchain-based value-added tax system
Version 2 2024-06-13, 17:14Version 2 2024-06-13, 17:14
Version 1 2020-05-05, 15:50Version 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
471-486Location
Xi'an, ChinaPublisher DOI
Start date
2017-10-23End date
2017-10-25ISSN
0302-9743eISSN
1611-3349ISBN-13
9783319686363Language
engPublication classification
E1.1 Full written paper - refereedEditor/Contributor(s)
Okamoto T, Yu Y, Ho Au M, Li YTitle of proceedings
ProvSec 2017 : Provable security : 11th International Conference, ProvSec 2017, Xi'an, China, October 23-25, 2017, ProceedingsEvent
Provable Security. Conference (2017 : 11th : Xi'an, China)Publisher
SpringerPlace of publication
Cham, SwitzerlandSeries
Lecture Notes in Computer Science; 10592Usage metrics
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