Electronic revenue reporting system TaxCore is specially designed to give the Tax Authority a secure solution, flexible and convenient for taxpayers and consumers alike

Seven underlying principles for the electronic solution

 Same conditions for all taxpayers – fair business

 Simplicity of operation for Tax Authority, taxpayer and consumer

 Minimum administrative burden and cost of compliance for taxpayers

 Transparency of cooperation between the Tax Authority, suppliers and taxpayers

 Incentivised public participation in invoice verification – raised awareness

 Secure anti-fraud measures

 Minimum cost for the Tax Authority

Customer Compliance Award

The greatest anti-fraud measure is public awareness.

The lottery works on a ‘scratch-n-win’ basis: you know immediately if you have won, and what prize you can expect. Sectors at greater risk (restaurant, construction etc.) are advertised as having a better chance of winning.

Valuable prizes

The Tax Authority can purchase prizes, or receive them as promotional items from public or private providers. Goods and services provided are displayed on the Tax Authority’s portal, a valuable marketing tool for the donor:

Prizes can be many: theatre tickets, phone top-ups, a haircut, a washing machine, dinner for two, groceries, a massage or holiday.

A specially targeted prize may be a tax-free purchase the next time the customer shops at the same place – a stimulus to customer and taxpayer alike.

Any customer is motivated to scan and see. Every customer becomes a tax inspector!

Typical cost to the Tax Office – x% of tax revenue increase

Secure anti-fraud measures

Zapper- and Phantomware-proof

The essential feature is the presence of the Secure Element (SE) with the Sales Data Controller (SDC). The SE data is encrypted and can be accessed only by the Tax Authority. It contains registers that record elements of all transactions since the last Tax Authority audit. Each transaction summarizes the previous ones.

Any illegal Zapper or Phantom software cannot delete transactions, neither as they occur nor in a later session, because the Secure Element (SE) registers hold evidence of the original sales. At the next transmission to the Tax Authority, TaxCore would receive updates of the Secure Element registers and all missing invoices would be accounted for.

 The Secure Element also transmits data when the Point of Sale (POS) is used in training mode, with the trainee identified. Any abnormal patterns are evident.

 If a smart card is stolen together with its PIN code, the rightful owner can immediately block its use.

 A copied invoice scanned by a customer will flag up double use at the Tax Authority (TA).

 One of the registers in the SE sets a maximum number of transactions between audits. The TA can set this at will, according to its risk assessment.

 Encrypted sales data and summaries are also present in the encrypted QR code on each invoice. The customer is encouraged to scan the invoice to take part in a valuable lottery, limiting the scope for collusion. The data is transmitted to the TA, so any later tampering will be known.

 B2B invoices contain payee ID. Cross-audit has never been so easy.

When tax information is displayed on the bill, you know that tax has been recorded by the Tax Authority for payment.