Analytics to Boost Tax Compliance
The Bureau of Internal Revenue (BIR) and the Presidential Anti-Organized Crime Commission (PAOCC) are exploring blockchain analytics to boost tax compliance in partnership with other relevant government sectors.
In a meeting attended by BIR Commissioner Charlito Mendoza and PAOCC Undersecretary Benjamin Acorda Jr., the two represented agencies aimed to strengthen their coordination against organized crime activities, including the rising tax noncompliance issues in the digital space.
Efforts to Address Enforcement Gaps
Commissioner Mendoza said these efforts aim to close enforcement gaps, enhance intelligence-sharing, improve joint operations, protect government revenues, and help ensure a level playing field for compliant taxpayers.
With the right controls and security measures, blockchain analytics can aid tax compliance monitoring through automated tax calculations, transparency improvement, and real-time data sharing to regulators.
