Blockchain-Based Tax Compliance — Smart Contracts for Automated VAT Collection

Key Points

• This research aims to explore how blockchain technology can enhance tax compliance through automation.
• Analysis of blockchain technology applications in tax systems
• Evaluation of smart contracts for VAT collection processes
• Review of existing frameworks for tax compliance automation
• Blockchain technology significantly reduces manual processing errors in tax collection.
• Smart contracts streamline VAT collection, leading to faster transaction processing times.