The Resource Revenue losses due to VAT gaps - a study of selected African countries
Revenue losses due to VAT gaps - a study of selected African countries
Resource Information
The item Revenue losses due to VAT gaps - a study of selected African countries represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Revenue losses due to VAT gaps - a study of selected African countries represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- The decline in foreign aid from developed countries and the slump in global oil prices have increased the focus on revenue diversification for a number of African countries. Consequently, a number of countries have focused on tax revenues and set ambitious budgetary goals. These ambitious tax revenue targets have prompted revenue authorities to embark on expansive tax drives in a bid to meet the set objectives. However, as is typical with hastily implemented plans, the tax revenues generated have, in some cases, fallen short of the set targets. Specifically, because value added tax (VAT) often represents the largest tax-based contribution to government revenues for developing economies, it is particularly important for these countries to ascertain the causes of the shortfalls in the VAT revenue that is generated. This shortfall in revenue i.e. the "VAT gap" is the overall difference between the potential VAT revenue of the underlying economic tax base and the actual VAT revenue collected. This paper seeks to identify some of the causes of the VAT gap and proposes tools to ameliorate the VAT gap
- Language
- eng
- Extent
- 11 p.
- Label
- Revenue losses due to VAT gaps - a study of selected African countries
- Title
- Revenue losses due to VAT gaps - a study of selected African countries
- Language
- eng
- Summary
- The decline in foreign aid from developed countries and the slump in global oil prices have increased the focus on revenue diversification for a number of African countries. Consequently, a number of countries have focused on tax revenues and set ambitious budgetary goals. These ambitious tax revenue targets have prompted revenue authorities to embark on expansive tax drives in a bid to meet the set objectives. However, as is typical with hastily implemented plans, the tax revenues generated have, in some cases, fallen short of the set targets. Specifically, because value added tax (VAT) often represents the largest tax-based contribution to government revenues for developing economies, it is particularly important for these countries to ascertain the causes of the shortfalls in the VAT revenue that is generated. This shortfall in revenue i.e. the "VAT gap" is the overall difference between the potential VAT revenue of the underlying economic tax base and the actual VAT revenue collected. This paper seeks to identify some of the causes of the VAT gap and proposes tools to ameliorate the VAT gap
- http://library.link/vocab/creatorName
-
- Marsit, S
- Chiedu, O
- Geographic coverage
- Africa
- Index
- no index present
- Language note
- English
- Literary form
- non fiction
- Series statement
- IBFD White papers
- http://library.link/vocab/subjectName
-
- VAT fraud
- VAT system
- VAT registration
- electronic filing
- reverse charge mechanism
- Label
- Revenue losses due to VAT gaps - a study of selected African countries
- Extent
- 11 p.
- Label
- Revenue losses due to VAT gaps - a study of selected African countries
- Extent
- 11 p.
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Revenue-losses-due-to-VAT-gaps---a-study-of/K1HtsqKhhrg/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Revenue-losses-due-to-VAT-gaps---a-study-of/K1HtsqKhhrg/">Revenue losses due to VAT gaps - a study of selected African countries</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Revenue-losses-due-to-VAT-gaps---a-study-of/K1HtsqKhhrg/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Revenue-losses-due-to-VAT-gaps---a-study-of/K1HtsqKhhrg/">Revenue losses due to VAT gaps - a study of selected African countries</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
