Thailand Revenue Department to Track VAT Payments using Blockchain

Thailand Revenue Department to Track VAT Payments using Blockchain


In 2014, the Revenue Department of Thailand had arrested many individuals and investigated about 60 companies for defrauding the department out of $18.29 million worth of baht in value-added taxes (VAT). Since and before, the department has been unable to track a majority of such tax defaulters, losing billions of dollars in the process. So

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Posted by Yashu Gola on December 4, 2018 @ https://www.ccn.com/thailand-revenue-department-to-track-vat-payments-using-blockchain/

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