scholarly journals Analysis of the changes with respect to the authorized donees in the Fiscal Code of the Federation of 2020, legal and accounting aspects

2021 ◽  
pp. 9-15
Author(s):  
Salvador Francisco RUIZ-MEDRANO ◽  
Karina GALVÁN-ZAVALA
Keyword(s):  
Latin America ◽  
Gross Domestic Product ◽  
Direct Effect ◽  
Value Added ◽  
Economic Cooperation ◽  
Domestic Product ◽  
Tax Law ◽  
Value Added Tax ◽  
The Law ◽  
The One

Mexico is the fifth country that collects the least in Latin America as a proportion of gross domestic product (GDP) and also the one with the lowest income from the value added tax, has highlighted the Organization for Economic Cooperation and Development (OECD) in the year 2020, (OCDE, 2020) derived from this, the Federal Executive proposed a series of reforms that allow increasing collection, among which the most notable is the Decree that reforms, adds and repeals various provisions of the Tax Law on the Income, the Law of Value Added Tax and the Fiscal Code of the Federation which has a direct effect on the so-called Authorized Grantees, this based on the fact that cases have been detected in which the income of the Authorized Grantees is not found. related to the activity authorized by the Law and carry out simulated operations. The objective of this work is to analyze the effects that this reform will have and try to foresee its immediate success.

scholarly journals VAT Gap Estimation and Influence of Selected Methods of Financial Administration on its Reduction

2021 ◽  
Vol 12 (1) ◽  
pp. 45-60
Author(s):  
Lukáš Moravec ◽  
Jana Hinke ◽  
Monika Borsiczká
Keyword(s):  
Czech Republic ◽  
Gross Domestic Product ◽  
Value Added ◽  
Domestic Product ◽  
National Accounts ◽  
Value Added Tax ◽  
The Czech Republic ◽  
Tax Gap ◽  
Tax Fraud ◽  
Financial Administration

Abstract The aim of this contribution is to quantify the influence of selected methods on elimination of value added tax gap in the Czech Republic within the researched period 2015–2016. To find a possible share of influence of the VAT control statement on tax fraud following priority methods were set: VAT control statement invitation, initiatives from pairing check reports, tax checking and procedures for doubt removal. By quantifying these methods, the values of theoretical benefits are measured and further compared with value added tax gap within the researched period. To set the VAT gap estimation a method was used that calculates via cleaning gross domestic product based on the database of national accounts. By using this approach it was found out that with the influence of selected methods of financial administration there was a tax gap decrease in 2015 by 5.54% and for 2016 by 4.00%.

scholarly journals TAXES TO DIGITAL BUSINESS IN MEXICO

2021 ◽  
Vol 33 (1) ◽  
pp. 245-255
Author(s):  
Germán Martínez-Prats
Keyword(s):  
Gross Domestic Product ◽  
Public Spending ◽  
Value Added ◽  
Domestic Product ◽  
Value Added Tax ◽  
Tax Collection ◽  
The Creation ◽  
Lodging Services

Tax collection is the pillar of public spending, which affects the execution of programs for the development of the country without the creation of new taxes, in accordance with this, in September 2019, was presented within the Package Fiscal 2020 the proposal to regularize the collection of value-added tax on products and services marketed online.In recent years, this type of trade has grown exponentially, representing 4.6% of Mexico’s gross domestic product, the tax referred to was already provided under our legislation, however, it was not Effectively regularized, the tax package proposal includes taxing services and goods, that is, platforms such as UBER, NETFLIX, UBER EATS, as well as those that offer lodging services in Mexico, are subject to the tax indicated. The purpose of this investigation is to determine the benefits and cons with respect to the aforementioned proposal, through the review of similar taxes in other countries, in order to analyze the behavior and contrast with the reform of said tax

scholarly journals Impact of Tax Revenue on Economic Development in Nigeria

2020 ◽  
Vol 13 (6) ◽  
pp. 1
Author(s):  
Uket E. Ewa ◽  
Wasiu A. Adesola ◽  
Etim N. Essien
Keyword(s):  
Economic Development ◽  
Gross Domestic Product ◽  
Income Tax ◽  
Value Added ◽  
Least Square ◽  
Domestic Product ◽  
Value Added Tax ◽  
Gross Domestic Product Growth ◽  
Petroleum Companies ◽  
The Impact

There has been conflicting preposition as to the extent of tax contribution to the development of Nigerian economy. This study is to determine the impact of taxation proceeds on the development of Nigerian economy. The study explored the impact of three tax income streams – Income tax from companies’ profits, income tax from petroleum companies profits  and Value Added Tax on economic development represented by Gross Domestic Product (at current basic prices) growth for the period 1994 to 2018. The study applied Ordinary Least Square statistical tool with the help of SPSS 20.0. The study revealed a positive relationship with a coefficient of determination of 99.2% of the variation in economic development attributable to the tax income streams studied. Also although the study revealed the existence of significant effect of taxes from companies’ profits and Value Added Tax on Gross Domestic Product Growth, there is little or no significant impact of taxes on profits of Petroleum companies on Gross Domestic Product growth in Nigeria due to restriction by Organization of Petroleum Exporting Countries production ceiling on Nigeria’s production/sales and the global price shocks of crude oil over the decade. Also the study revealed tax payers apathy to tax payment and presence of tax leakages due to corruption and administrative inefficiencies by the tax authorities.

scholarly journals Компаративна анализа пореза на потрошњу у земљама бивше Југославије // A comparative analysis of consumption taxes in former Yugoslav countries

2018 ◽  
Vol 13 (23) ◽  
pp. 139
Author(s):  
Славен Савић
Keyword(s):  
Comparative Analysis ◽  
Gross Domestic Product ◽  
Value Added ◽  
Point Of View ◽  
Domestic Product ◽  
Value Added Tax ◽  
Final Consumption ◽  
Tax Systems ◽  
Consumption Taxes ◽  
Excise Duties

Резиме: У савременим пореским системима порези на потрошњу заузимају значајно место. Посебно је то важно у случају пореза на додату вредност, иако и акцизе у значајној мери доприносе пуњењу државног буџета. Ако се постави одговарајућа законска регулатива ових пореза, а посебно уколико се они правилно примењују, ефекти не могу изостати. Међутим, значај неког пореског облика не може се посматрати искључиво са фискалног аспекта. Једнако важно питање је и њихово учешће у бруто друштвеном производу, као и у личној и финалној потрошњи. Овај рад има за циљ да на основу компаративне анализе пореских система међусобно сличних, а опет различитих земаља, идентификује факторе који су доводили до разлика у динамици кретања одређених пореских категорија у анализираним земљама.Summary: In modern tax systems consumption taxes occupy a significant place. This is particularly important in the case of value added tax, although excise duties approximately equally contribute to filling the country’s budget. If appropriate legislation of these taxes is set, and especially if they are properly implemented, the effects can not be excluded. However, the importance of some form of taxation can not be viewed solely from a fiscal point of view. Equally important is the question of their participation in the gross domestic product, as well as in personal and final consumption. The purpose of this study is to provide comparative analysis of tax systems in several similar, yet different countries, identifying the factors that have led to differences in the dynamics of the movement of certain tax categories in the analyzed countries.

scholarly journals Effectiveness of the Value Added Tax Exemption Policy on Gross Domestic Product in Selected ASEAN Countries Towards a Conducive Business Environment Model

2021 ◽  
Vol 1 (2) ◽  
pp. 01-17
Author(s):  
Atty. Prackie Jay T. Acaylar
Keyword(s):  
Growth Rate ◽  
Gross Domestic Product ◽  
Value Added ◽  
Business Environment ◽  
Domestic Product ◽  
Gdp Growth ◽  
Value Added Tax ◽  
Gdp Growth Rate ◽  
Exemption Policy ◽  
Asean Countries

Excessive exemption is detrimental to the effectiveness of the whole Value Added Tax system. This research is primarily focused on VAT exemption affecting the business industry as it influences the Gross Domestic Product of the three (3) selected ASEAN countries, namely, the Philippines, Indonesia, and Singapore. The result of the study showed a negative relationship between VAT exemption policy and GDP growth rate among the selected ASEAN economies. Although the VAT collections among the selected ASEAN countries are significantly increasing with the course of time, the results showed that as the number of VAT exemptions increases by one unit, the degree of growth of the GDP is expected to decrease at a rate of 0.900 units. Thus, a conducive business environment may be achieved by decreasing the number of VAT exemptions and, accordingly, increasing the GDP growth rate.

scholarly journals Cointegration analysis of indirect taxes and economic growth in the Republic of Serbia

2020 ◽  
pp. 3-10
Author(s):  
Branimir Kalaš ◽  
Vera Mirović ◽  
Jelena Andrašić
Keyword(s):  
Gross Domestic Product ◽  
Value Added ◽  
Cointegration Analysis ◽  
Cointegration Test ◽  
Domestic Product ◽  
Value Added Tax ◽  
Long Run ◽  
Indirect Taxes ◽  
Per Capita ◽  
The Republic

This research examines the relationship between indirect taxes and gross domestic product per capita in the Republic of Serbia from 2005 to 2019. The aim of this paper is to evaluate the long-run relationship between value added tax, excises and gross domestic product per capita based on Johansen cointegration test. The empirical analysis includes descriptive statistics, unit root test, cointegration test and FMOLS model. The results reveal a long-run relationship between indirect taxes such as value added tax and excises and the gross domestic product per capita in the Republic of Serbia for the observed period. Empirical findings confirm that revenues of value added tax and excises have positive and significant effect on the gross domestic product per capita in the long-run.

Taxation and Nigerian Economy: an Empirical Analysis

2021 ◽  
Vol 7 (4) ◽  
pp. 29-35
Author(s):  
Amah Cletus Okey
Keyword(s):  
Gross Domestic Product ◽  
Time Series Data ◽  
Value Added ◽  
Least Square Method ◽  
Least Square ◽  
Domestic Product ◽  
Series Data ◽  
Regression Result ◽  
Value Added Tax ◽  
Independent Variables

The study was carried out to investigate the effect of Nigerian taxation system on Nigerian economy. The study anchored on benefit received theory of taxation as it theoretical framework. The study covered a period of 18 years (1999-2017). Time series data extracted from Central Bank of Nigeria Statistical Bulletin and Federal Inland Revenue Service for the various years was used for the study. Ordinary Least Square method of regression was adopted for data analysis. The independent variables are Value Added Tax (VAT), Petroleum Profit Tax (PPT), and Company Income Tax (CIT) while Gross Domestic Product (GDP) is the dependent variable. The regression result revealed that there is a significant positive relationship between the independent variables (PPT, CIT) and Gross Domestic Product. However the relationship between Value Added Tax and Gross Domestic Product is negative. It is recommended that government should provide enabling environment for companies to generate more revenues. Government should also reduce the VAT rate to encourage consumption of certain goods.

scholarly journals ANALISIS PERHITUNGAN PENCATATAN DAN PELAPORAN PAJAK PERTAMBAHAN NILAI ATAS EKSPEDISI ANTAR PULAU PADA PT. TAJUR JAKARTA

2014 ◽  
Vol 8 (3) ◽  
Author(s):  
Priscilia Joanna Rundengan ◽  
Jantje Tinangon ◽  
Inggriani Elim
Keyword(s):  
Case Studies ◽  
Descriptive Analysis ◽  
Value Added ◽  
Value Added Tax ◽  
Rate Of Development ◽  
Tax Laws ◽  
Dominant State ◽  
The Law ◽  
Tax Reporting

Value-added tax represent the source of revenue for very dominant state,to fulfill requirement of people. Company  as a taxpayer have to carry out their tax liability in accordance with the provisions of the tax laws are dynamic and constantly changing according to the rate of development of country’s economics. PT. Tajur Jakarta was established in 1967 which is located in Jl. Jati Baru No. 83 where the main activities of company is a shipping that uses trucking services, and that companies that count, reecord, and report Value Added Tax on the consumers of services on goods subject to Value Added Tax.The method in this research is using descriptive analysis which is describe the case studies and literature. Case studies conducted in PT TAJUR Jakarta while literature conducted by collecting data from the literature relevant to the Value-added tax. Pursuant to result of obtained research from the study,the company calculating, recording and reporting properly and in accordance with the Law No. 42 of 2009,using the rate of 10% for each taxable service / goods taxable, and also the results obtained also that the company has to deposit and tax reporting using e-SPT return and paid through the bank by the 15th of each month after the end of the tax period in accordance with law No. 42 of 2009 on Value Added Tax.

scholarly journals Relação entre o valor adicionado das atividades econômicas e o produto interno bruto do Rio Grande do Norte

2018 ◽  
Vol 17 (2) ◽  
pp. 757-782
Author(s):  
Ruhama Bezerra Fernandes ◽  
Adilson de Lima Tavares ◽  
Yuri Gomes Paiva Azevedo
Keyword(s):  
Gross Domestic Product ◽  
Value Added ◽  
Rio Grande ◽  
Ordinary Least Squares ◽  
Added Value ◽  
Domestic Product ◽  
Economic Activities ◽  
Sense Data ◽  
Agriculture Industry ◽  
The Difference

Resumo: Neste estudo teve-se por objetivo analisar a relação do valor adicionado das principais atividades econômicas (agropecuária, indústria, serviços e administração pública) relativamente ao Produto Interno Bruto (PIB) do Rio Grande do Norte, durante o período de 2010 a 2013. Nesse sentido, foram coletados dados relativos ao valor adicionado, ao PIB e à população no sítio do Instituto Brasileiro de Geografia e Estatística (IBGE), bem como referentes ao Índice Firjan de Desenvolvimento Municipal (IFDM), por meio do sítio do Sistema Firjan. A amostra compreendeu 166 municípios, de uma totalidade de 167. Para a realização das análises, além da estatística descritiva, foi estimado um modelo de regressão por mínimos quadrados ordinários com dados dispostos em painel, tendo o PIB como variável dependente e as demais variáveis como independentes. Com base nos resultados encontrados, verifica-se que os valores adicionados pelas atividades econômicas apresentam relação positiva e estatisticamente significante, enquanto que as variáveis população e IFDM se relacionam de forma negativa, trazendo à tona questionamentos sobre a distribuição de renda, as políticas socioeconômicas relativas à transição demográfica e a diferença dos conceitos de crescimento e desenvolvimento econômico, corroborando para a hipótese de que o PIB não mede qualidade de vida. Por fim, a partir dos resultados mensurados, conclui-se que os valores adicionados pelas atividades econômicas do Estado do Rio Grande do Norte possuem relação estatisticamente significante com o PIB no período investigado.Palavras-chave: Produto Interno Bruto. Demonstração do Valor Adicionado. Rio Grande do Norte. Relationship between the added value of the economic activities and the Gross Domestic Product of Rio Grande do Norte Abstract: The study aims to analyze the relation of the value added of the main economic activities (agriculture, industry, services and public administration) regarding the Gross Domestic Product of Rio Grande do Norte during the period from 2010 to 2013. In this sense, data on value added, GDP and population were collected on the website of the Brazilian Institute of Geography and Statistics (IBGE), as well as on the Firjan Municipal Development Index (IFDM), through the Firjan System website. The sample comprised 166 municipalities, out of a total of 167. In addition to the descriptive statistics, a regression model was estimated by ordinary least squares with data arranged in a panel, with GDP as a dependent variable and the other variables as independently. Based on the results found, it can be seen that the values added by economic activities have a positive and statistically significant relationship, while the variables population and IFDM were related in a negative way, raising questions about income distribution, socioeconomic policies related to the demographic transition and the difference of the concepts of growth and economic development, corroborating the hypothesis that GDP does not measure quality of life. Finally, from the results measured, it can be concluded that the added values by the economic activities of the State of Rio Grande do Norte have a statistically significant relation with the GDP in the period investigated.Keywords: Gross Domestic Product. Added Value Statements. Rio Grande do Norte.

scholarly journals IMPACT OF THE VAT REVERSE-CHARGE MECHANISM ON THE CASH FLOWS OF CONSTRUCTION COMPANIES IN THE SLOVAK REPUBLIC

2018 ◽  
Vol 6 ◽  
pp. 522-528
Author(s):  
Angelika Kútna ◽  
Norbert Gyurián ◽  
Zoltán Šeben
Keyword(s):  
Slovak Republic ◽  
Financial Burden ◽  
Value Added ◽  
Cash Flows ◽  
Business Environment ◽  
Value Added Tax ◽  
Construction Companies ◽  
Study Results ◽  
The Law ◽  
Reverse Charge

In 2015, the Slovak Parliament adopted the Law on Amendments to the Law on Value-Added Tax. This law came into force on January 1, 2016. One of the most significant changes was the introduction of a reverse-charge for the provision of construction works. A government statement of its positive influence on the business environment is inconsistent with the two-year experience in the building sector. The main goal of this paper is to establish the reason for the practical effects of the value-added tax reverse-charge mechanism on the construction companies. The hypothesis is that the negative effect on the cash flows of the construction companies increases ‘opportunity costs’ connected to excessive deductions. The paper focuses on evaluating and quantifying such an effect. It presents a comparison of the conditions before and after the adoption of the Act. No. 222/2004 Coll., as amended in 2016 and includes factors that influence costs and cash flows of construction companies. It but does not consider factors related to turnover and the economic situation.  The reverse-charge mechanism affects the total of tax owing, the total deductible tax, the total excessive deduction, and the construction companies’ cash flows. In this study, the data from the information system of the Slovak Republic, under the condition of anonymity, are analyzed for the period 2014–2017. The effect of the value-added tax is quantified by way of financial interest expenses. These expenses depend on time limits for the excessive deduction, total of tax owing, and on the excessive deduction amount. Indicators of ‘Financial Burden 1’ and ‘Financial Burden 2’ are calculated. The results show that the Law on Amendments of Value Added Tax has significantly affected the constructions companies since January 2016. The reverse-charge system has not changed the delay in excessive deduction payments to the taxpayer’s bank account. It has changed the amount of excessive deduction expressed through money and the total tax owing. Based on the study results, this change markedly affects the financial burden of construction companies and provides an ‘opportunity cost’ Value Added Tax payers‘ construction company.

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