Online settlement and e-documentation: Technology is changing how tax is collected, and how data and documents are processed and filed. Recently, the government introduced PromptPay which bundles a person’s bank account details with a mobile phone number or national identification number. The project starts with individual accounts, but with government support, companies
will be able to log in with their registration numbers. A company can settle tax payments online,
with an e-tax invoice and e-withholding tax invoice, and the bank will be a third party that collects VAT and withholding tax for each transaction and then submits it to the Revenue Department -- possibly daily.