Description: The 'Taxpayer tax returns and transaction information collection' digital business capability refers to the ability of a business, specifically within the tax or financial sector, to efficiently and effectively collect, process, and manage tax returns and transaction information from taxpayers. This capability involves the use of digital technologies and systems to automate and streamline the collection process, ensuring accuracy and compliance with tax regulations. It also includes the ability to securely store and analyze this data for auditing purposes, decision-making, and to provide taxpayers with relevant information about their tax obligations. Additional information: The 'Taxpayer tax returns and transaction information collection' digital business capability refers to the ability of a business, specifically within the tax or financial sector, to efficiently and effectively collect, process, and manage tax return data and transaction information from taxpayers using digital technologies and systems. This capability involves the use of advanced digital tools and platforms to facilitate the collection of comprehensive tax-related data, including income details, deductions, credits, and other relevant financial information from individuals, businesses, or other entities. It may also encompass the gathering of transaction information, such as sales, purchases, and other financial activities, which could have tax implications. The capability extends to the processing and management of this data, ensuring it is accurately recorded, securely stored, and readily accessible for tax calculation, compliance, auditing, and reporting purposes. This may involve the use of data analytics, artificial intelligence, machine learning, and other digital technologies to automate data processing tasks, identify discrepancies or anomalies, and generate insights to inform decision-making. Moreover, this capability also includes ensuring compliance with relevant tax laws and regulations, protecting taxpayer privacy, and maintaining the integrity and confidentiality of tax return and transaction information. This may involve the use of encryption, secure data transmission protocols, and other cybersecurity measures. Furthermore, this capability may also involve providing digital services and support to taxpayers, such as online portals for submitting tax returns, digital tools for calculating tax liabilities, and online resources and assistance for understanding and complying with tax obligations. Overall, the 'Taxpayer tax returns and transaction information collection' digital business capability is a critical function for tax authorities, financial institutions, and other businesses involved in tax administration and compliance, enabling them to effectively fulfill their roles in the digital age. Example: 1. Internal Revenue Service (IRS) in the United States: The IRS uses digital platforms to collect tax returns and transaction information from taxpayers. They have an online system where individuals and businesses can file their tax returns. They also have a system to collect transaction information from financial institutions to ensure compliance with tax laws. 2. HM Revenue and Customs (HMRC) in the UK: HMRC has a digital platform called the Personal Tax Account where taxpayers can check their tax code, submit tax returns, and manage their tax details. They also collect transaction information from businesses and individuals to ensure tax compliance. 3. Australian Taxation Office (ATO) in Australia: The ATO has a digital platform called myTax where taxpayers can lodge their tax returns online. They also have a system to collect transaction information from businesses and financial institutions. 4. Canada Revenue Agency (CRA) in Canada: The CRA has an online system called NETFILE where taxpayers can file their tax returns electronically. They also collect transaction information from businesses and financial institutions to ensure tax compliance. 5. Inland Revenue Authority of Singapore (IRAS) in Singapore: IRAS has a digital platform called myTax Portal where taxpayers can file their tax returns and manage their tax affairs. They also collect transaction information from businesses and financial institutions to ensure tax compliance. 6. Federal Tax Service in Russia: This agency has an online system where taxpayers can submit their tax returns and transaction information. They also have a system to collect transaction information from businesses and financial institutions to ensure tax compliance. 7. South African Revenue Service (SARS) in South Africa: SARS has an eFiling system where taxpayers can file their tax returns online. They also collect transaction information from businesses and financial institutions to ensure tax compliance. Publisher: EIRA Team LOST view: OV-Digital Business Capabilities Catalogue Identifier: http://data.europa.eu/dr8/egovera/TaxpayerTaxReturnsAndTransactionInformationCollectionCapability EIRA traceability: eira:DigitalBusinessCapability EIRA concept: eira:SolutionBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/TaxpayerTaxReturnsAndTransactionInformationCollectionCapability dct:title: Taxpayer tax returns and transaction information collection (DBC)