For a country to thrive and be as stable as possible, a good tax collecting system is crucial. Since paying taxes probably goes as far back as humanity itself, modern countries base most of its economy on proper collection of taxes. The better the tax collecting system, the better the […]
The past five years have seen a rise in the fight against VAT fraud. With this, a lot of things had to be changed as well – for example, a better tax monitoring system had to be implemented, as well as systems that would successfully eliminate unfair competition. Unfair competition […]
Although not quite a novelty in any industry, it took a very long time for the world to embrace QR codes as a better version of barcodes. The popularity of QR code has been steadily rising in the last few years, but the COVID-19 pandemic definitely marked its new era. […]
In 2017, Fiji Revenue and Customs Services (FRCS) and Data Tech International (DTI) struck a deal that would completely change the fiscal and tax collection system in the country. The State of Fiji had to not only enact Vat Monitoring System (VMS) law but the overall fiscal culture and the […]
Developed countries in the West owe their fortune to the fact that paying taxes has become an integral part of the system. It is an obligation most of modern citizens are taking seriously, especially in the richest economies. The formula clearly says, the higher the tax revenue, the better the […]
