The implementation of blockchain technology on tax administration in developing countries Online publication date: Fri, 24-Nov-2023
by Ulingeta Obadia Lebson Mbamba
International Journal of Blockchains and Cryptocurrencies (IJBC), Vol. 4, No. 3, 2023
Abstract: Technological advancements have led to constant change and adaptation of all systems, including the tax systems. Taxation is the process by which a government collects financial levies from individuals and organisations to fund public services and infrastructure. One of these technologies is blockchain technology. Blockchain tracks transactions, authorises transactions and adds them to the database. The paper shows how blockchain can be used or is already being used in pay as you earn tax, customs tax, value added tax and excise tax. The paper also highlights the challenges of implementing blockchain technology, especially in developing countries, in terms of legal, technological and organisational aspects. In order to benefit from blockchain technology the paper recommends: training on blockchain technology to tax administration staff and taxpayers, proper regulatory framework, development of other fourth industrial revolution technology tools, collaboration among partners, and further research on adoption of blockchain technology.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Blockchains and Cryptocurrencies (IJBC):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook