Poland’s machine learning STIR tackles missing trader VAT fraud In 2017, Poland launched its System Teleinformatyczny Izby Rozliczeniowej (STIR) machine learing Artificial Intelligence (AI) programme. This uses algorithms to analyse large data of taxpayer activities to detect suspicious transactions, fraud and non-compliance. This was in the
New models of Artificial Intelligence (AI) and Machine Learning (ML) are being evaluated by global tax authorities to tackle fraud As the world wrestles with the newest phase of AI – natural language tools based on reinforcement learning, such as Chat GPT – tax authorities
How large language model Artificial Intelligence can help get VAT right Generative Artificial Intelligence based on large language models offer exciting opportunities to enhance the accuracy and efficiency of global VAT determination. And harnessed with carefully curated VAT or GST legislative databases, it offers the
AI adopted on more interpretative elements of GST law sparks huge uplift in Show-Cause Notices Indian Goods & Services Tax registered businesses from the shipping, gaming, insurance and airline sectors have been flagging to the Ministry of Finance a sudden rise in Show-Cause Notices (SCN).
How is Al changing the tax function? Santhie Goundar investigates the changes firms are seeing; VAT case study It’s well documented how tax authorities AI is being used to close tax Gaps. But what about VAT? By Santhie Goundar for Financial Accountant. Of all the
Persistent, huge VAT fraud issues push tax authorities to adopt Machine Learning and Generative Artificial Intelligence National tax agencies in Europe and beyond are increasingly turning to Artificial Intelligence tools to help bring down stubborn Value Added Tax fraud leakage. The EU estimates it loses
Tax authorities deploy AI machine learning and RPI to detect VAT fraud Romania’s Minister for Digitalisation has claimed that the use of Artificial Intelligence machine learning and Robotic Process Automation (RPA) has increased the country’s VAT receipts by between 0.9% and 1.0%. The tax office
Artificial Intelligence replacing employment means dangerous drops in government revenues. Taxing AI isn’t the solution. Whether as a labour efficiency tool or complete displacement of workers, Artificial Intelligence (AI) is set to undermine the established economic model. At stake is lost income, or even jobs,
