A blockchain-enabled platform for VAT settlement

Jonas Sveistrup Søgaard

International Journal of Accounting Information Systems, 2021, vol. 40, issue C

Abstract: Governments may unintentionally impose heavy administrative burdens on companies as they want to ensure the flow of tax revenue. Drawing on an engagement involving the Danish Business Authority and following a design science research (DSR) approach, this paper develops a prototype of a platform for value-added tax (VAT) settlement that is enabled by distributed ledger technology (DLT) and design principles for designing DLT platforms. The proposed prototype and design principles demonstrate how accounting information systems, DLT, and public governance may be interrelated to enhance social welfare. Regarding its practical implications, this paper provides a use case for governments seeking to reduce administrative burdens on small and medium-sized enterprises (SMEs) while still ensuring the flow of tax revenue.

Keywords: Blockchain; Distributed ledger technology; VAT; Design science research; Tax; Public sector (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ijoais:v:40:y:2021:i:c:s146708952100004x

DOI: 10.1016/j.accinf.2021.100502

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