TaxCore® is based on principles aimed at creating a fair, efficient, and transparent fiscal environment. The system guarantees equal conditions for all taxpayers, encouraging fairness and promoting a level playing field for businesses. TaxCore prioritizes simplicity, benefiting Tax Authorities, taxpayers, and consumers by making processes more accessible and reliable by the use of complex data analysis. TaxCore is designed to minimize administrative burdens and compliance costs, reducing complexity for taxpayers.
One of the key advantages of the TaxCore® system is its authentic, accurate, and verified data, ensuring the reliable application of advanced analytical models and AI algorithms. The accuracy of AI results directly depends on the quality of input data, and TaxCore® establishes a strong foundation for deriving trustworthy conclusions and predictions, enabling effective and precise management of fiscal risks. Valid and verified data not only allow for more accurate analysis but also significantly enhance trust in the results generated by AI.
Necessity for Safeguarding Data
Historical data serves as a significant tool for applying AI methods for forecasting or determining risk levels, with reliable analysis only possible with high-quality input data. Without adequate data quality, artificial intelligence algorithms cannot provide reliable results, as their outputs reflect errors in the input data. Moreover, imprecise, incomplete, or inaccurate data generate patterns that are either unusable or incorrect, potentially leading to unfounded conclusions. In such situations, data cleansing becomes a necessary step but comes with certain challenges. Removing incorrect data significantly reduces the dataset on which algorithms are applied, which can result in a non-representative sample not providing the real picture.
TaxCore ensures that all data is accurate and complete, greatly mitigating these issues. The system enables the application of AI algorithms on clean and validated data, generating patterns with genuine analytical and predictive value. Reliable analytics based on such structured data allows for risk identification and informed decision-making.
TaxCore®: Trust, Transparency, and Data-Driven Insights
Transparency is a cornerstone of TaxCore®, strengthening collaboration between Tax Authorities, suppliers, and taxpayers while building trust. The system actively incentivizes public participation in invoice verification, encouraging greater awareness and engagement. Vigorous anti-fraud measures are in place to secure the system’s integrity and reliability. Moreover, TaxCore® is engineered to minimize costs for Tax Authorities, ensuring optimized efficiency and long-term sustainability.
The unification and quality of data within the TaxCore system enable not only detailed analysis of current trends but also reliable future forecasting. Accumulated and validated data serve as the foundation for applying methods such as data mining, which, combined with AI algorithms, empower tax authorities to identify risks, detect anomalies, and enhance decision-making at a strategic level. The accuracy and precision of input data are crucial for the successful application of these methods, and TaxCore® ensures precisely this level of reliability, contributing to trustworthy and actionable outcomes.
Unifying Tax Data for Accuracy, Insights, and Fraud Prevention with TaxCore
One of TaxCore’s advantages lies in consolidating all tax data for all taxpayers within a country’s tax system. Thus, the process flow is clear, it delivers insights into every commercial transaction in a way that facilitates risk analysis and remote audits. The system’s strength is not only in data consolidation but also in ensuring their accuracy and correctness. TaxCore® guarantees that all data related to transactions, taxpayers, and the locations from which invoices originate are valid and complete, forming a significant and valuable database. From this database, users can generate meaningful and significant insights/reports, as well as future predictions regarding potential tax fraud. Through utilizing advanced technologies such as encryption, digital certificates, and strict input data controls, TaxCore® warrants the integrity of the information essential for making precise and reliable decisions.
The system assures data accuracy and consistency, preventing the issuance of imprecise or incomplete invoices, and making certain that it does not lose any data. In this way, TaxCore® generates high-quality and usable data, making the application of AI models more profound since algorithms work with accurate and consistent data. This results in precise conclusions and predictions. Based on these results, the system can make well-founded decisions, contributing to more efficient fiscal control and reducing the risk of fraud.
