The government is pushing ahead with its plan to invest in an elaborate computer system for cross-matching copies of tax invoices.
It said the system costing about 1 billion baht would help raise state income by more than 300 billion baht a year.
Satit Rungkasiri, director-general of the Revenue Department, said the system, based on one in South Korea, would bring all tax invoices related to sales transactions from upstream to downstream in the system, allowing the department to cross-match all copies.
For instance, the system could track invoice details such as the issuer, recipient, the stage where tax is incurred and whether the tax has been paid, he said.
"I believe the new system would help the Revenue Department to collect tax more effectively and would help raise state income by at least 100 billion baht," Mr Satit said. "And I am confident state income will increase by as much as 300 billion baht if the new system is implemented in full scale."
Mr Satit said the department also plans to invest another 1 billion baht to develop a tax auditing system for cash transactions for goods and services.
"The two investment plans worth a combined 2 billion baht have already been endorsed by the Finance Ministry, while the Public Debt Management Office has also mapped out a financial plan to support the investment," he said.
"The next step depends on the ministry's computer committee, who should decide when the bid will be opened."
The new computer system is expected to be up and running within one year.
In a move to raise tax revenue collection, the department plans to introduce a payment system through smartphones this month.
The department has set a target for tax collection of 1.77 trillion baht in the 2013 fiscal year, of which about half or 800 billion baht will be income from value-added tax.
About the author
- Writer: Wichit Chantanusornsiri
Position: Business Reporter