A Taxing Situation, Blockchain Helps Pay VAT Taxes on Time

The efficiency of blockchain when it comes to doing menial tasks such as ensuring that the corporate VAT taxes are paid is nothing short of amazing. The US also has their share of Sales taxes, employee taxes, etc. that can be automated by using Blockchain Smart Contracts to ensure the calculations are done quickly and accurately. No more having your accountant or finance department compiling long reports with their possibility of errors, but a smooth payment system directly connected to the taxing authority that pays out on a real-time basis as the business is run.