WHAT IS taXchain
taXchain SHAPES THE DIGITAL WORLD OF TAX AND CUSTOMS!
The blockchain based tax and customs solution that allows companies to collaborate and exchange data with each other in a secured, transparent and compliant environment.
The system independent platform „taXchain“, based on the futureproof blockchain technology, eliminates paper based processes, while enabling cost savings, compliance and transparency in your tax and customs processes. On top of all these benefits you can securely exchange data between companies with assurance of its originality.
Join the taXchain sphere and become a member in the digital transformation of multiple tax and trade processes!
Our vision of a tax technology platformAn „App-Store“ for various use cases in tax and customs
taXchain cooperates with IDSt, the Institute for the Digitalization of Tax Processes. IDSt is an association of more than 130 experts from companies in various industries, associations, consulting companies, universities, public corporations, and individuals at the interface of "taxes and digitalization".
For more information on IDSt, please visit: https://idst.tax/
KrypC is the technology partner and IT operator of taXchain. KrypC develops solutions focused on Blockchain, IoT and AI with a vision to make all digital information trustworthy through responsible technologies.
For more information about KrypC, please visit: https://krypc.com
Active participants are equally entitled both to build new solutions and to exchange data via taXchain with their own business partners.
LONG TERM SUPPLIER DECLARATIONS
FIRST USE CASE by SIEMENS & HENKEL
The initial partners of taXchain, Siemens and Henkel have joined forces to develop use cases for blockchain technology in the tax and customs function.
To start off, a first practical case was a joint blockchain application for the long term supplier declaration in the sense of Art. 62 UZK-IA in the customs area. Further use cases are to follow in the future, e.g. VAT and more (see the range below).
Long Term Supplier Declarations (LTSD) certify relevant master data information between
buyers/sellers for up to 24 months. They are necessary in order to prove a product’s or
material’s origin to profit from lower duty tariffs through free trade agreements (FTA).
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