AI magic to identify tax evasion
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Risk-based tax inspection platform

What problem does it solve?
The government improved the process of collecting taxpayer invoices with technology. But the capability to collect data was not supported by analytics.
Company purpose
Equip Tax department clients with AI-based risk analytics tools
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faq

FAQ

What is Balthasar?
Balthasar is an AI-based risk analytics tool developed to equip tax department clients with advanced capabilities to identify tax evasion.
What problem does Balthasar aim to solve?
Balthasar addresses the challenge of improving the process of collecting taxpayer invoices and combating tax evasion in a technology-driven world. It enhances the capability to collect and analyze data from various sources such as ECR systems and tax filings, providing powerful risk analytics to identify suspicious behavior.
How does Balthasar enable risk-based tax inspection?
Balthasar's platform allows the government to analyze data collected from taxpayer electronic cash registers/POS systems and combine it with other data sources like monthly VAT filings. By applying risk analytics, it helps create a risk-based approach to tax inspection, enabling tax inspectors to focus on more suspicious taxpayers, and increasing the identification of fraud during field inspections.
How does Balthasar work?
Balthasar utilizes an ML/AI model that processes data gathered from taxpayer ECR systems and tax filings. It analyzes this data, identifies suspicious behavior, and assigns risk ratings to taxpayers based on the identified patterns.
What are the benefits of using Balthasar?
Balthasar offers several benefits, including increased efficiency in decision-making, predictive analytics capabilities for forecasting future outcomes, continuous learning and improvement through new data integration, improved accuracy by reducing human errors, scalability and adaptability to changing business needs, industry expertise in data analysis, taxation, and financial services, improved safety and risk mitigation through real-time data monitoring, enhanced customer experience with personalized support and prompt issue resolution.