TY - JOUR
T1 - Blockchain technology application for value-added tax systems
AU - Setyowati, Milla Sepliana
AU - Utami, Niken Desila
AU - Saragih, Arfah Habib
AU - Hendrawan, Adang
N1 - Funding Information:
The authors acknowledge the Directorate of Research and Development Universitas Indonesia for supporting this study, all the valuable informants who participated in this research, and the three anonymous reviewers for their insightful and constructive feedback.
Publisher Copyright:
© 2020 by the authors. Licensee MDPI, Basel, Switzerland.
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2020/12
Y1 - 2020/12
N2 - The utilization of new technology in the form of blockchain technology for a Value Added Tax (VAT) acceptance system is relatively new and has not been widely encountered thus far. This research analyzes how blockchain technology can be applied to a VAT system, particularly for electronic invoices (e-Invoice). A qualitative approach was used in this study to analyze blockchain technology models that could be applied in a VAT system. The results of this study indicate that due to its characteristics, blockchain technology can only be applied to taxpayer data that do not require privacy. Data that are considered safe if distributed to nodes in the blockchain technology network include the Tax Invoice Serial Number (TISN). A TISN system based on blockchain technology will produce a faster and more efficient system. Transactions on the TISN in Indonesia can also be monitored and tracked directly by the Directorate General of Taxation (DGT). Blockchain technology can be applied in the TISN system by using a permissioned private blockchain type.
AB - The utilization of new technology in the form of blockchain technology for a Value Added Tax (VAT) acceptance system is relatively new and has not been widely encountered thus far. This research analyzes how blockchain technology can be applied to a VAT system, particularly for electronic invoices (e-Invoice). A qualitative approach was used in this study to analyze blockchain technology models that could be applied in a VAT system. The results of this study indicate that due to its characteristics, blockchain technology can only be applied to taxpayer data that do not require privacy. Data that are considered safe if distributed to nodes in the blockchain technology network include the Tax Invoice Serial Number (TISN). A TISN system based on blockchain technology will produce a faster and more efficient system. Transactions on the TISN in Indonesia can also be monitored and tracked directly by the Directorate General of Taxation (DGT). Blockchain technology can be applied in the TISN system by using a permissioned private blockchain type.
KW - Blockchain technology
KW - E-Invoices
KW - Taxation
KW - Value Added Tax (VAT)
UR - http://www.scopus.com/inward/record.url?scp=85096396150&partnerID=8YFLogxK
U2 - 10.3390/joitmc6040156
DO - 10.3390/joitmc6040156
M3 - Article
AN - SCOPUS:85096396150
SN - 2199-8531
VL - 6
SP - 1
EP - 27
JO - Journal of Open Innovation: Technology, Market, and Complexity
JF - Journal of Open Innovation: Technology, Market, and Complexity
IS - 4
M1 - 156
ER -