Philippines' BIR and Ateneo de Manila University develop algorithm to detect "ghost receipts" and tax fraud.
The Philippines' Bureau of Internal Revenue (BIR) has collaborated with Ateneo de Manila University's Math Department to develop an algorithm that detects "ghost receipts" and tax fraud with high accuracy. The algorithm analyzes data from the BIR, SEC, and geographic location, aiming to target known tax evaders and those red-flagged as tax evaders. Last year, ghost receipts reached PHP1.3 trillion, leading to lost tax revenues of PHP370 billion.
August 06, 2024
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