VAT refunds : value added tax refunds to international businesses by European community countries PDF Download

Author: Deloitte
Publisher:
ISBN: 9780863491207
Category :
Languages : en
Pages : 101

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Book Description

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 55

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Book Description
This booklet covers the following topics with respect to obtaining a VAT refund: who can make a claim for a VAT refund, how are claims made, the monetary limits, the manner in which refunds are made and the appeals procedure which applies. It covers the 12 EC member countries, Austria, Sweden and Hungary.

Author:
Publisher:
ISBN:
Category : Tax refunds
Languages : en
Pages : 73

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Book Description
This book is designed to highlight the opportunities for businesses to obtain refunds of value added tax incurred in European countries where thay are not established.

Author: Mario Pessoa
Publisher: International Monetary Fund
ISBN: 1513577042
Category : Business & Economics
Languages : en
Pages : 29

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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.

Author: PricewaterhouseCoopers
Publisher:
ISBN:
Category :
Languages : en
Pages : 201

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Book Description

Author: PricewaterhouseCoopers LLP.
Publisher:
ISBN:
Category : Business enterprises, Foreign
Languages : en
Pages : 287

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Book Description

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 175

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Book Description

Author: Sijbren Cnossen
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 54

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Book Description
This paper examines a wide range of social, economic, structural, and administrative issues that are pertinent to the introduction of VAT.

Author: [Anonymus AC02259337]
Publisher:
ISBN: 9789080157620
Category :
Languages : en
Pages : 143

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Book Description

Author: Robert F. van Brederode
Publisher: Kluwer Law International B.V.
ISBN: 9403524243
Category : Law
Languages : en
Pages : 615

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Book Description
Value-added tax (VAT) is a mainstay of revenue systems in more than 160 countries. Because consumption is a more stable revenue base than other tax bases, VAT is less distorting and hence more likely to encourage investment, savings, optimum labor supply decisions, and growth. VAT is not without criticism however, and faces its own specific technical and policy challenges. This book, the first to thoroughly evaluate VAT from a global policy perspective after over 50 years of experience with its intricacies, offers authoritative perspectives on VAT’s full spectrum—from its signal successes to the subtle ways its application can undermine revenue performance and economic neutrality. The contributors—leading tax practitioners and academics—examine the key policy issues and topics that are crucially relevant for measuring the success of the tax in the first part of the book, including: revenue generation and revenue efficiency; single rate versus multiple rates; susceptibility to fraud; exemptions and exceptions; compliance cost for businesses; policy and compliance gaps in revenue collection; adjustment rules caused by the transactional nature of the tax; transfer pricing issues; treatment of vouchers; permanent establishments and holding companies; payment of refunds; cross-border digital transactions; and supplies for free or below cost price. The second part offers six country reports—on New Zealand, Japan, China, Colombia, Ethiopia, and India—to demonstrate the different ways in which VAT operates in a variety of national economies. Whether a government is contemplating the imposition of a general consumption tax for the first time or new rules for applying an existing one, it is important for policymakers to keep central the aim to design a tax that realizes optimal efficiency and causes minimal distortions. This invaluable book serves as an expert guide to VAT policy development in this area. It will be welcomed not only by concerned government officials but also by tax professionals (both lawyers and accountants) and academics in tax law.