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A blockchain-enabled platform for VAT settlement

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  • Søgaard, Jonas Sveistrup

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.

Suggested Citation

  • Søgaard, Jonas Sveistrup, 2021. "A blockchain-enabled platform for VAT settlement," International Journal of Accounting Information Systems, Elsevier, vol. 40(C).
    • Handle: RePEc:eee:ijoais:v:40:y:2021:i:c:s146708952100004x
    DOI: 10.1016/j.accinf.2021.100502
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    References listed on IDEAS

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    Cited by:

    1. Han, Hongdan & Shiwakoti, Radha K. & Jarvis, Robin & Mordi, Chima & Botchie, David, 2023. "Accounting and auditing with blockchain technology and artificial Intelligence: A literature review," International Journal of Accounting Information Systems, Elsevier, vol. 48(C).
    2. Kelton, Andrea Seaton & Murthy, Uday S., 2023. "Reimagining design science and behavioral science AIS research through a business activity lens," International Journal of Accounting Information Systems, Elsevier, vol. 50(C).

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