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Article

Blockchain Technology Application for Value-Added Tax Systems

by
Milla Sepliana Setyowati
,
Niken Desila Utami
*,
Arfah Habib Saragih
and
Adang Hendrawan
Department of Fiscal Administration, Faculty of Administrative Sciences, Universitas Indonesia, Depok 16424, West Java, Indonesia
*
Author to whom correspondence should be addressed.
J. Open Innov. Technol. Mark. Complex. 2020, 6(4), 156; https://doi.org/10.3390/joitmc6040156
Submission received: 9 October 2020 / Revised: 9 November 2020 / Accepted: 9 November 2020 / Published: 18 November 2020
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Abstract

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.
Keywords: blockchain technology; e-Invoices; taxation; Value Added Tax (VAT) blockchain technology; e-Invoices; taxation; Value Added Tax (VAT)

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MDPI and ACS Style

Setyowati, M.S.; Utami, N.D.; Saragih, A.H.; Hendrawan, A. Blockchain Technology Application for Value-Added Tax Systems. J. Open Innov. Technol. Mark. Complex. 2020, 6, 156. https://doi.org/10.3390/joitmc6040156

AMA Style

Setyowati MS, Utami ND, Saragih AH, Hendrawan A. Blockchain Technology Application for Value-Added Tax Systems. Journal of Open Innovation: Technology, Market, and Complexity. 2020; 6(4):156. https://doi.org/10.3390/joitmc6040156

Chicago/Turabian Style

Setyowati, Milla Sepliana, Niken Desila Utami, Arfah Habib Saragih, and Adang Hendrawan. 2020. "Blockchain Technology Application for Value-Added Tax Systems" Journal of Open Innovation: Technology, Market, and Complexity 6, no. 4: 156. https://doi.org/10.3390/joitmc6040156

APA Style

Setyowati, M. S., Utami, N. D., Saragih, A. H., & Hendrawan, A. (2020). Blockchain Technology Application for Value-Added Tax Systems. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 156. https://doi.org/10.3390/joitmc6040156

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