Revenue depart develops data analytics to combat tax invoice fraud

The Director-General of the Revenue Department, Kulaya Tantitemit, announced the development of a data analytics system aimed at helping entrepreneurs integrate into the tax payment system and fight against falsified tax invoices. This announcement was made during a press conference alongside the Economic Crime Suppression Division.

Five gangs responsible for the production of fake value-added tax (VAT) invoices have been apprehended by a joint effort between the department and the division. The Revenue Department estimates that these fraudulent acts have led to a tax revenue loss of approximately 100 million baht, reported Bangkok Post.

The new data analytics system is a strategic move to bolster tax and customs administration. It will enable about 800,000 entrepreneurs to access the VAT payment system free of charge, according to Kulaya.

She…