RD Fusion Risk Management
Tax Compliance and Data Sharing on Tax Transactions
All tax data in one place, identifying non-compliance
RD Fusion helps Revenue Authorities to get their data together from several internal systems as well as systems within other government institutions. Once all the data is in one place, indicators can be defined to identify non-complaince, by comparing one indicator against another.
For example: Comparing the value of export against the declared sales in tax returns.
Indicators are then fed through an algorithm, producing a list of companies categorized by a total risk score. This allows governments to identify companies to audit using validated, empirical statistics.
The advantages are :
A. Reinforcement of the cooperation between governmental departments in order to improve tax compliance.
B. Improvement of the administrative processes of tax collection and tax compliance.
C. Increase of revenues through an improved management of compliance risks.
RD Fusion is implemented in Cameroon, Guinea and Liberia, where it is considered as;
• A powerful tool for governmental agencies to improve the collection of VAT, in particular with the reimbursement of VAT credits;
• A flexible platform that can easily be adjusted to the needs of the respective administration (working with Excel files);
• FUSION compiles, visualizes and processes data, enabling tax and customs administration to improve their monitoring, audits and controls.