Fraud Prevention in Taxation System of Pakistan Using Blockchain Technology

Abstract

Taxation department of Pakistan collects and keeps record of legislated taxes imposed by governments. Pakistan is among those countries which still maintain records of taxations in registers, thus maintaining immutability of records is really hard. Tax records have great risk of being lost or altered by someone and results in leading towards committing fraud in taxes. Blockchain has provided advantage to many industries because of its enhanced security and traceability in current trustless environment. We have presented a tax management solution which has an objective to provide secure, efficient and auditable system in Pakistan environment using blockchain technology. Our proposed methodology is about digitizing of the records of taxations using the blockchain distributed ledger based technology. Finally, future work prediction is also given, which will help getting directions for controlling fraud cases from most senior officers