scholarly journals Perception of Taxpayers and Tax Administrators Towards Value Added Withholding Tax in Zimbabwe

2021 ◽  
Author(s):  
Simbarashe Hamudi
Keyword(s):  
Tax Evasion ◽  
Essential Role ◽  
Value Added ◽  
Value Added Tax ◽  
African Countries ◽  
Revenue Collection ◽  
Withholding Tax

Value added tax is a key tax for generating revenue in Zimbabwe and all African states, and for financing the budget in African countries. VAT revenue has an essential role in budgetary policymaking. Every year revenue authorities are not collecting large amounts of VAT for various reasons, including ineffective administration and tax evasion. This brings the question of the reform of the VAT system to the forefront. In Zimbabwe, attempts to improve VAT revenue collection have been made over several years. Hopes were pinned on the use of fiscalisation and audits of VAT refunds.1 However, traders continue to evade VAT – and this has led to the introduction of value added withholding tax to improve VAT revenue collection.

Collection of Value Added Tax in Kosovo and Its Effect on Economic Growth

2017 ◽  
Vol 8 (1) ◽  
pp. 225
Author(s):  
Teki Shala
Keyword(s):  
Economic Growth ◽  
Descriptive Analysis ◽  
Value Added ◽  
Analytical Techniques ◽  
Value Added Tax ◽  
Statistical Tool ◽  
Revenue Collection ◽  
Strong Positive Relationship ◽  
Level Of Economic Development ◽  
Level Of Significance

The revenue collected from the value added tax constitutes the main income of the Kosovo government. For this reason, this research has a great importance in the formulation of effective policies in Kosovo that will subsequently improve the efficiency of tax collection of Value Added and growing fiscal and budgetary stability. This research it will have a descriptive analysis of the trends of VAT collection in Kosovo from 2005- 2015 years using different analytical techniques to examine trends and data structure over the years. We have used two types of analysis; One is the descriptive analysis of trends and the other is the contrast of the descriptive analysis of trends that is the econometric technique used to analyze the VAT effect on economic growth in Kosovo. The source of data for this study is secondary through the Annual Financial Report of the Ministry of Finance of Kosovo and the IMF. In order to analyze the data generated for the study, the statistical tool utilized is OLS technique (multiple regression). One of the key findings in the collection of VAT has been its dependence on the border. Revenue collection is among the most pressing problems and such situation does not guarantee a country's budgetary stability. Also, based on the findings we noted that the VAT share of the gathering in gross domestic product of the Interior of the country has been low compared to other countries in Europe developing, reflecting a low level of economic development. Also from econometric analysis is confirmed that the regression coefficient shows that we have a VAT impact on GDP in Kosovo, because the level of significance is .000, or includes the rate of 1%. Also, the correlation between VAT and GDP shows a strong positive relationship, or statistically interpreted with the increase of VAT, will increase the GDP of Kosovo, these two elements conclude that VAT has a significant impact on economic growth in Kosovo. Furthermore, this research highlight some key issues that policy makers should consider dealing with the collection and effective use of revenue collected from VAT, to improve growth.

scholarly journals Public Awareness Towards Value Added Tax (VAT) System in Hetauda Sub-metropolitan City Area

2021 ◽  
Vol 3 (1) ◽  
pp. 141-156
Author(s):  
Tika Prasad Sapkota
Keyword(s):  
Public Awareness ◽  
Value Added ◽  
Business Community ◽  
Value Added Tax ◽  
Design Data ◽  
Revenue Collection ◽  
Billing System ◽  
Awareness Program ◽  
The Government ◽  
Public Awareness Program

Value added tax (VAT) is indirect sources of revenue collection of nation. It has been the most essential choice like our developing countries, Nepal. Which leads to revenue enhancement and sustainable economic development. As VAT was an emerging concept in Nepal, a comprehensive taxpayer education program was launched to impart knowledge regarding the various aspects of VAT to parliamentarians, industrialists, businessmen, consumers as well related society. The study used descriptive and survey research design. Data were collected through questionnaires. Statistical tools were used to make a proper analysis. It is found that 20% businessmen and 33.33% consumers are not aware that the Government of Nepal  is levying VAT on all kind of products, 36% consumers are not aware of the fact that you pay VAT whenever you purchase any product, 88 % of the total respondents knowledge on earning from VAT is a major source of revenue for  Government, only 44 % response  of respondents  are  in favor of billing system, 33.33% consumer are not aware about existing rate of VAT in Nepal, 44% consumers specify the other problem in the present VAT implementation  except VAT collection ,VAT refund and registration.  Most of them ask for tax invoice to get the authenticity of sellers. VAT must be successful and this largely depends upon the public awareness, honesty, faith and morality of tax officials and the business community. There is a need for willpower and action. It is also found that public awareness program and tax education play prime role to increase the VAT revenue in Nepal. The finding of this study is majority of Tax expert and businessmen are aware about VAT system but the training and awareness program is essential.

Detecting Value-Added Tax Evasion by Business Entities of Kazakhstan

2016 ◽  
pp. 37-49 ◽  
Author(s):  
Zhenisbek Assylbekov ◽  
Igor Melnykov ◽  
Rustam Bekishev ◽  
Assel Baltabayeva ◽  
Dariya Bissengaliyeva ◽  
...  
Keyword(s):  
Tax Evasion ◽  
Value Added ◽  
Value Added Tax ◽  
Business Entities

scholarly journals Tax Evasion of Value Added Tax in the Conditions of the Slovak Republic

2013 ◽  
Vol 13 (1) ◽  
pp. 147-158
Author(s):  
Eva Sopková ◽  
Katarína Raškovská
Keyword(s):  
Tax Evasion ◽  
Slovak Republic ◽  
Value Added ◽  
Value Added Tax

scholarly journals Value Added Tax Evasion and Illegal Recovery Cases in Lebanon

2014 ◽  
Vol 109 ◽  
pp. 527-530
Author(s):  
Rana Ismail ◽  
Wafic Rihan ◽  
Faisal Nsouli
Keyword(s):  
Tax Evasion ◽  
Value Added ◽  
Value Added Tax

scholarly journals ICMS tributary administration

2007 ◽  
Vol 3 (1) ◽  
pp. 35-44
Author(s):  
Francisco Santana de Souza
Keyword(s):  
Cash Flow ◽  
Tax Evasion ◽  
Value Added ◽  
The State ◽  
Calculation Procedure ◽  
Financial Mathematics ◽  
Value Added Tax ◽  
Appropriate Use ◽  
Use Tax ◽  
Positive Cash Flow

This work aims to analyze the essential tools for the management of the ICMS (Value-Added Tax on Sales and Services). It was developed a calculation proce­dure of this tax which permits to demonstrate the importance of correctly perform fiscal and accounting entries. In order to demonstrate this calculation procedure, it was used Financial Mathematics concepts of simple interest and simple trade discount together with article 33, 1989 of ICMS Law of the State of São Paulo. It was concluded that it is essential to have a precise ICMS tributary administration, in order to firstly avoid contentious administrative tributary which would imply ad­ditional and unnecessary costs to the organization and secondly to use tax evasion correctly in order to avoid excessive taxes payment. Thus, the appropriate use of both instruments will reflect into a positive cash flow for the organization.

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