The value-added tax (VAT) system is out of shape and still operating as it did when it was first imposed 60 years ago. Delivering public service for the future requires revenue agencies to take immediate action by adopting smarter, more sustainable government solutions.
Intelligent processing addresses the tax compliance gap and works to close it by applying government analytics and transaction level data. This will allow agencies to shift to a mission productivity approach by focusing their audit efforts most effectively, ultimately achieving government cost reduction and maximizing revenue.
Comment submitted
Submitted comment may not display automatically.