Project: Thailand Blockchain VAT refund app

Description:

Jurisdiction of Origin
Thailand

Lead Organization
Revenue Department, Ministry of Finance, Thailand

Partners
Thailand Customs Department, the Immigration Bureau of Thailand, Krungthai Bank

Description
The platform will facilicate VAT refunds for tourists, enabling them to get their refunds quicker and provider greater incentive for foreign tourists to return and increase foreign consumption, investment, and domestic employment. It will also enable entrepreneurs to manage tax returns more efficiently and reduce the cost of processing physical documents. The use of blockchain technology protects the system from fraud and fake invoices.

Origin:

Project URL: N/A ⧉

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