scholarly journals Informal Economy and VAT

2017 ◽  
pp. 37-49
Author(s):  
Małgorzata Sęk
Keyword(s):  
European Union ◽  
Informal Economy ◽  
Value Added ◽  
The Other ◽  
The European Union ◽  
Value Added Tax ◽  
Member States ◽  
Eu Member States ◽  
Other Hand

The aim of this paper is to discuss the interconnections between informal economy and Value Added Tax (VAT), as well as measures applied in the European Union (EU) Member States and other countries to counter VAT evasion and VAT fraud related to informal economy. It is shown in the article, that VAT and informal economy are strongly interconnected. VAT may be the cause for growth of the informal economy. But on the other hand, some VAT-related measures may be introduced to reduce or at least stop further growth of informal economy. Examples of such measures conclude the findings.

scholarly journals An Assessment of Carousel Value-Added Tax Fraud in The European Carbon Market

2017 ◽  
Vol 13 (2) ◽  
Author(s):  
Maria Berrittella ◽  
Filippo Alessandro Cimino
Keyword(s):  
Computable General Equilibrium ◽  
Emission Trading ◽  
Value Added ◽  
Carbon Market ◽  
Eu Ets ◽  
The European Union ◽  
Value Added Tax ◽  
Member States ◽  
Eu Member States ◽  
The Eu

AbstractThe literature on the European Union Emission Trading System (EU ETS) is by now very rich. Much is known about the efficiency, the effectiveness, and the environmental and distributional impacts of the EU ETS. Less, however, is known about the carousel value-added-tax (VAT) fraud phenomena in the European carbon market. This article evaluates the welfare effects of carousel VAT fraud in the EU ETS using a computable general equilibrium (CGE) analysis. According to our findings, if VAT fraud occurs in the EU ETS, the effects on welfare for the EU Member States are negative, with welfare loss significantly higher than the VAT fraud value. This article also discusses the reverse charge mechanism that EU Member States could adopt to reduce the VAT fraud phenomena in the European carbon market.

scholarly journals THE FLAWS OF THE SYSTEM OF ACCOUNTING FOR THE VALUE-ADDED TAX LIABILITIES AND RECEIVABLES, AND RECOMMENDATIONS FOR OVERCOMING THEM

2018 ◽  
Vol 28 (5) ◽  
pp. 1613-1618
Author(s):  
Nada Petrusheva ◽  
Darko Iliov
Keyword(s):  
European Union ◽  
Value Added ◽  
The European Union ◽  
Consumption Tax ◽  
Value Added Tax ◽  
Member States ◽  
The Difference ◽  
The Republic ◽  
The Government ◽  
Reduced Rate

Value-added tax (VAT) is a consumption tax, meaning that it is a tax on the purchase of a product or a service. It is a form of taxation that focuses on how much an individual consumes opposed to how much that individual contributes to the economy (income tax).Value-added tax is paid by residents of any country in the European Union. Both consumers and businesses are liable to pay VAT when purchasing products or services. When a manufacturer creates a product, it is liable to pay value-added tax on the components purchased in order to create goods. When the product is sold, the tax burden is transferred onto the buyer, who pays the whole VAT amount, from which the manufacturer pays the government the difference between the whole VAT amount and the VAT amount that has already been paid when the components were purchased. Value-added taxation rates are set by the member states individually. The minimum rate of VAT as directed by the European Union is 15%. There is no maximum limit on value-added taxation. Member states are also at liberty to choose certain products and services to be subject to a reduced rate of VAT or to be exempt altogether. The system of accounting for the VAT liabilities and receivables in the Republic of Macedonia has certain issues which are presented in this paper. This paper also presents recommendations that are aimed towards overcoming these issues.

scholarly journals Characteristics of the VAT in Albania

2014 ◽  
Vol 1 (1) ◽  
pp. 228
Author(s):  
Mikel Alla
Keyword(s):  
European Union ◽  
Fiscal Policy ◽  
Production Process ◽  
Tax Evasion ◽  
Value Added ◽  
The Other ◽  
Self Management ◽  
The European Union ◽  
Value Added Tax ◽  
Tax Legislation

The value added tax (taxe sur la valeur ajoutee - TVA) was "invented" by a finance expert of France called "Maurice Laure" (1917-20 April 2001). The system of "Laure" is designed to April 10, 1954. He "invented" a tax on consumption, which was called the VAT (TVA). His idea was quickly adopted because it compels taxpayers at all levels of the production process, for self-management and self-calculating the tax, instead of putting the burden on sellers, or the tax authorities make the tax assessments. The tax legislation for the VAT in Albania has changed constantly . The VAT in Albania is regulated by the Law No. 7928 dated 27.04.1995 "On the VAT" . This law was amended to date from about 30 other laws . in the design of the fiscal policy of Albania , are taken into consideration the behavior of taxpayers and their ability to the tax evasion . Albanian state is trying to harmonize the fiscal legislation with those of the other countries of the European Union. This paper aims to show the main characteristics of the VAT in Albania . At the end of this paper, I will give my conclusions of the issue .

Comparative assessment of structural indicators of Ukraine industry and the European Union

2018 ◽  
Vol 6 (2(13)) ◽  
pp. 135-145
Author(s):  
Svitlana Ishchuk
Keyword(s):  
European Union ◽  
Comparative Analysis ◽  
Value Added ◽  
Industrial Sector ◽  
Comparative Assessment ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Structural Indicators ◽  
The Eu

A comparative analysis of the structural advantages of the industry of Ukraine and the EU member states in terms of the share of industry in: output of the economy, gross value added of the economy, exports of airborne vehicles, as well as the efficiency indicator (the share of airborne emissions in the industry). The place of Ukraine among EU member states is determined on the set of relative and absolute indicators of functioning of the industrial sector of the economy. A detailed comparative estimation of the structure of the airborne assets of the industry of Ukraine and Poland was conducted.

Społeczno-ekonomiczne przesłanki integracji Czarnogóry z Unią Europejską

2020 ◽  
pp. 119-135
Author(s):  
Małgorzata Łakota-Micker ◽  
Beniamin Noga
Keyword(s):  
Research Problem ◽  
Transformation Process ◽  
The Other ◽  
Federal State ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Other Hand ◽  
The Future ◽  
The Eu

The subject of the analysis conducted in the article is the current social and economic situation of Montenegro – one of the candidate countries for the membership of the European Union. The research problem -is important due to the fact, that the Balkan countries are an enclave surrounded on all sides by the EU Member States. On the other hand, EU Member States have awareness of the increasingly visible influence of Russia, China or Turkey in this region, which in the future may threaten the EU’s policy of stabilisation and democratisation of the region, as well as reduce the sense of security in European societies. The article aims to determine the premises that will indicate the opportunities and threats to further socio-economic development of Montenegro and its proper economic prosperity, which can lead to accession in 2025. The future of accession to the EU depends on the fulfillment of socio-economic criteria, which were partly achieved as a result of the first stage of the country’s transformation process. Montenegro can also use the experience of the past – gained as a federal state – in this process, however, on the other hand, the quality of integration with Serbia will not be a valuable experience for entering the structures of the community with great economic, social and organisational potential.

scholarly journals Collection Dilemmas and Performance Measures of the Value-Added Tax in Germany and Poland

2018 ◽  
Vol 54 (2) ◽  
pp. 110-121 ◽  
Author(s):  
Małgorzata Magdalena Hybka
Keyword(s):  
European Union ◽  
Union Member ◽  
Continuous Process ◽  
Value Added ◽  
The European Union ◽  
Value Added Tax ◽  
Member States ◽  
The Common ◽  
Negative Side Effects ◽  
European Union Member States

Abstract In the European Union Member States, value-added tax (VAT) is undergoing a continuous process of harmonization, which was initiated in the 1960s by the introduction of the First and Second Council Directives and which resulted in the implementation of the common tax assessment base. Currently, the European Union VAT system faces multiple challenges related in particular to the negative side effects of certain design features and progressing globalization. The main aim of this article is to discuss some dilemmas of the common VAT model. Particular attention is placed on the fiscal consequences of VAT preferences, as well as on the origins, components, and implications of the VAT gap. For the purpose of this analysis, 2 neighboring countries were selected, namely, Germany and Poland. On the basis of the national and Eurostat data, the author calculates the most significant VAT performance indicators and reviews the factors decreasing VAT efficiency in these countries in comparison to other European Union Member States.

scholarly journals Considerations on the Infringement Procedure against Romania

2022 ◽  
Author(s):  
Crina Mihaela Verga ◽  
◽  
◽  
◽  
◽  
...  
Keyword(s):  
European Union ◽  
Good Practice ◽  
Legal Framework ◽  
Comparative Methods ◽  
The Other ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Relevant Case ◽  
The Eu

This paper is a study of the infringement procedure, as it is regulated at EU level. Thus, we first analyze the existing legal framework on the matter. The implementation of this procedure in various Member States of the European Union and its consequences are then presented. Last but not least, the article refers to a series of aspects regarding the fields in which the procedure was directed against Romania since its integration into the EU. The purpose of the essay is to present in detail Romania's situation regarding the violation of EU’s law.Thus, a comparative presentation throughout time of the number of such proceedings launched against the Romanian state was made.A relevant case in which Romania was tried and convicted was also presented in detail.The large number of cases launched in 2021 highlights the delays registered by Romania on the matter. The measures ordered by the Romanian government through the elaborated the Annual Transposition Plan-2021must be carefully and systematically implemented. Romania could also consider and effectively apply the examples of good practice from the other EU’s member states. The historical and the comparative methods used in this presentation reveal both the similarities between the application of this procedure in the EU Member States under review as well as the differences and its succession in time. The article is important not only for the scientists, but also for the practitioners to dispose all the necessary measures that are required.

On the Issue of the Succession Law Reform in Russia and the European Union: Some Results of 2017 – 2019

2019 ◽  
Vol 10 (3) ◽  
pp. 871
Author(s):  
Alexandr А. PUKHART ◽  
Hajiyev Adil AFGANOGLY
Keyword(s):  
European Union ◽  
The Other ◽  
Law Reform ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Cross Border ◽  
Special Procedure ◽  
The Times ◽  
The One

The authors investigate the features of reforming the succession law in Russia and the European Union. It was revealed that: (1) the topic of cross-border succession  is becoming increasingly important in Europe, given that substantive laws in EU Member States vary significantly with respect to the form of will, the admissibility of succession  agreements, the rules of calling for inheritance, etc.; (2) these problems should have been adopted by Regulation No. 650/2012 on succession  adopted on July 4, 2012, which has been applied in all EU member states since August 17, 2015; (3) The Regulation introduced the European Certificate of Succession (ECS) - a document that must be recognized in all member states without any special procedure; (4) on the one hand, ECS has simplified the procedure for accepting and registering an inheritance; on the other hand, problems have been identified that arise as a result of applying the laws of individual states; (5) the reform of the Russian legislation on inheritance, which took place in 2017-2019, was aimed at ensuring the interests of heirs by introducing such institutions as: succession fund, succession agreement, joint testament of spouses; which made it possible to conclude that Russian legislation is increasingly intensively keeping up with the times and becoming more flexible in terms of inheritance.

scholarly journals Ukraine and the European Union Industry: Comparative Statistical Analysis of Structural Advantages

2017 ◽  
pp. 22-30
Author(s):  
S. О. Ishchuk ◽  
L. Yo. Sozanskyy
Keyword(s):  
European Union ◽  
Value Added ◽  
Industrial Sector ◽  
The European Union ◽  
Member States ◽  
Domestic Industry ◽  
Eu Member States ◽  
Gross Value Added ◽  
Comparative Statistical Analysis ◽  
The Eu

The signing of the Association Agreement between Ukraine and the European Union (EU) raised the need to increase the competitiveness of domestic industry producers to the level of the EU member states. The choice of ways to improve the domestic industrial sector should be based on the results of relevant analytical assessments. The purpose of the article is to conduct a comparative statistical analysis of key structural indicators of the industry in Ukraine and EU member states by type of industrial activity. In order to achieve this goal, a methodological approach has been developed that allows for system evaluation of industry pattern and its internal and external efficiency. Using these tools, a comparative analysis of structural advantages of the industry in Ukraine and the EU member states is conducted by share of industry in output, gross value added and exports, and by efficiency measured by share of gross value added in industry output. Similar calculations are made for all types of industrial activities. The results of the analysis show that Ukraine, in spite of heavy industrial potential and significant natural and human resources, in the period of analysis (2012-2015) had only 19th position among the EU member states by industrial output and the 20th position by value added in industry The pattern of the Ukrainian industry is typical for countries with economy based on primary commodities. The key problem faced by the Ukrainian industry is its low efficiency: the 28th position by share of value added in output. The above confirms that the cost structure of industrial products is dominated by material and energy components. This signals the need for further restructuring of the industrial sector in Ukraine. Optimization of the domestic industry structure has to cover all industrial sectors and subsectors. A key optimization criterion has to be the socioeconomic efficiency enhancement, which can be achieved through increasing and restructuring the gross value added, with particular emphasis on the share of gross operating profit, mixed income.

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