How to Manage Value-Added Tax Refunds

Released on by Mario Pessoa
preview-18

  • How to Manage Value-Added Tax Refunds Book Detail

  • Author : Mario Pessoa
  • Release Date : 2021-05-10
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 29
  • ISBN 13 : 1513577042
  • File Size : 51,51 MB
DOWNLOAD BOOK

How to Manage Value-Added Tax Refunds by Mario Pessoa PDF Summary

Book Description: The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administrations find it challenging to refund excess input credits, which is critical to a well-functioning VAT system. Improperly functioning VAT refund practices can have profound implications for fiscal policy and management, including inaccurate deficit measurement, spending overruns, poor budget credibility, impaired treasury operations, and arrears accumulation.This note addresses the following issues: (1) What are VAT refunds and why should they be managed properly? (2) What practices should be put in place (in tax policy, tax administration, budget and treasury management, debt, and fiscal statistics) to help manage key aspects of VAT refunds? For a refund mechanism to be credible, the tax administration must ensure that it is equipped with the strategies, processes, and abilities needed to identify VAT refund fraud. It must also be prepared to act quickly to combat such fraud/schemes.

Disclaimer: www.yourbookbest.com does not own How to Manage Value-Added Tax Refunds books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

How to Manage Value-Added Tax Refunds

How to Manage Value-Added Tax Refunds

File Size : 70,70 MB
Total View : 3019 Views
DOWNLOAD

The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administration

How to Combat Value-Added Tax Refund Fraud

How to Combat Value-Added Tax Refund Fraud

File Size : 17,17 MB
Total View : 8397 Views
DOWNLOAD

A previous IMF Working Paper on value-added tax (VAT) refunds (WP/07/31, by Keen and Smith) describes the main forms of VAT noncompliance and concludes that VAT

International VAT/GST Guidelines

International VAT/GST Guidelines

File Size : 3,3 MB
Total View : 2033 Views
DOWNLOAD

This paper set forth internationally agreed principles and standards for the value added tax (VAT) treatment of the most common types of international transacti