Thailand’s Revenue Department wants to use distributed ledger technology (DLT) and machine learning tools for tax avoidance investigations, Bangkok Post reports, citing director-general Ekniti Nitithanprapas. Blockchain would be adopted to help the department check if taxes have been paid according to the requirements. Also, the technology is expected to streamline tax refunding procedures, Nitithanprapas noted.
Besides blockchain, machine learning will be used to inspect how taxes are evaded. Thus, the Revenue Department will be able to monitor tax fraud and ensure transparency, the agency chief said. Earlier, he stressed that adopting innovative technologies, such as blockchain and big data, was one of...
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