The development of service-oriented information systems and industrial automation

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Electronic tax invoice interchange

 

System objectives

  • Minimization of budget losses due to elimination of fraud related to Value Added Tax calculation
  • Reduction of tax risks for honest tax payers
  • Eliminating the problems of primary accounting statement unreliability, fiscal invoice forgery, reducing the number of errors
  • Timely control and monitoring of digital invoices, providing information that improves the quality of desk audits.
  • Providing electronic services related to electronic invoice interchange to commercial organizations

Background and implementation results

The main problems:

  1. Grey economy
  2. Incorrect tax calculation
  3. High cost of printing documents in paper (from 3 to 30$, depending on the country)

Additional budget revenue =

Losses from incorrect Value Added Tax calculation + a share of grey economy that becomes taxable + paper-based workflow expenditures – cost of solution ownership (leasing)

Solution implementation results

  • A source of additional budget revenue
  • Reduction of the grey economy scope
  • Basis for correct tax calculation
  • Reduction of costs on paper-based document workflows
  • Speeding up tax invoice processing
  • Creating favorable conditions for commercial organizations

System architecture

System functionality

  • Creating of digital invoices, their transfer, monitoring, control, accounting, keeping, correction, and storage.
  • Receiving the Value Added Tax data from the system for revision and processing.
  • Receiving the desk audit data and other resources from the system to facilitate the desk audit control for the Value Added Tax and for excises.
  • Providing summary data, results of Value Added Tax revision and processing and keeping the non-conformance register for Value Added Tax figures.
  • Providing electronic services to commercial organizations for supporting the electronic document workflow operations.
  • Keeping an authority-wide archive of digital invoices and other documents.
  • Immediate and analytical reporting functionality.