Thailand’s Revenue Department Testing Blockchain To Prevent Tax Fraud

News | December 4, 2018 By:

The Revenue Department of Thailand is testing distributed ledger technology (DLT) in its innovation lab to track value-added tax (VAT) payments.

Local media outlet Bangkok Post reported that the Revenue Department wants to use blockchain technology to streamline tax refunding procedures and help the department check if taxes have been paid according to the requirements.

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