Japan’s National Tax Agency has officially put its next-generation core system, KSK2, into operation on Sept. 24, according to a Techub News brief citing CoinPost. The system is built around individual and corporate identification numbers and brings together tax data tied to both individuals and companies. It also uses artificial intelligence to strengthen the detection of false filings.
The report said KSK2 will run AI-based comparison analysis on annual transaction reports, including those related to cryptocurrency, with the aim of identifying omissions in tax declarations more effectively. CoinPost said the move is expected to have a significant impact on cryptocurrency traders and investors. The brief did not provide more technical details on how the analysis will be conducted.
Japan’s National Tax Agency officially began operating its next-generation core system, KSK2, on Sept. 24, according to Techub News, which cited CoinPost.
KSK2 is centered on individual and corporate identification numbers and integrates tax data for both individuals and corporations. The system also uses artificial intelligence to strengthen checks for false tax filings.
It will also apply AI-based comparison analysis to annual transaction reports, including those involving cryptocurrency, to identify omissions in declarations more effectively. CoinPost said the move is expected to have a significant impact on cryptocurrency traders and investors.
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