Impact Of Value Added Tax Research Articles

The impact of Value-Added Tax on unemployment in Nigeria

The impact of Value-Added Tax on unemployment in Nigeria

Impact of Value-Added Tax on Revenue Generation in Nepal: An ARDL Approach

This paper aims to identify the impact of VAT on revenue generation in Nepal using a quantitative method. Testing the unit root of the series is the first step in determining whether the data are stationary. An Augmented Dicky Fuller unit root test and a co-integration test are employed to check the relationship between the variables under study. This study reveals that LNVAT, LNRCE, LNRIT, LNROT, and LNRNT are significant, which is desirable. As a result, a 1 percent increase in value-added tax leads to a 21.60 percent increase in government tax revenue, while a 1 percent increase in custom excise duty leads to a 39.31 percent increase in tax revenue. Other macroeconomic variables such as LNRIT, LNROT, and LNRNT contribute 15.32 percent, 8.51 percent, and 15.06 percent to government revenue generation. The P-value of the Breusch-Godfrey serial correlation LM test, the Breusch-Pagan-Godfrey heteroscedasticity test, and the normalcy test are greater than 5 percent, which is ideal. As a result, there is no autocorrelation or heteroscedasticity in this model. The residual follows a normal distribution. The diagnostic tests show that the models have the expected econometric features and are structurally sound.

The importance of value-added tax harmonization in the European Union single market

The research focuses on the impact of value-added tax (VAT) harmonization as necessary to ensure the establishment and functioning of the single market. The aim is to show the legal basis and national actions taken by the nations to fulfill the Directives’ requirement for harmonization as a precondition for promoting the single market. This paper also examines Member States’ (MS) ongoing efforts to harmonize national tax systems because of fiscal sovereignty to choose its own VAT structure which prevents complete harmonization and the European Court of Justice (ECJ) interpretation approach to VAT. An example of a harmonized tax inside the European Union (EU) is VAT. The development and effectiveness of a single market is the EU’s top priority. To realize the goal of creating a single market, all barriers to the free movement of people, capital, goods, and services between the MS must be eliminated (Kollmann, 2019). To fulfill the research aims, the histogram methodology and several statistical analyses were utilized to summarize data and hypothesis testing. The findings underline that, from the MS’s viewpoint, the EU VAT is primarily a significant source of revenue. From the viewpoint of the EU, a harmonized VAT should be seen as a fundamental part of the single market. The research is of particular relevance to researchers, tax practitioners, VAT policy designers, etc. The VAT harmonization process and challenges in the EU are an excellent platform for analyzing the views of science, doctrine, and practice on this issue. This research will enable further research into the strategy and challenges of VAT harmonization.

The Impact of Value-Added Tax on Revenue Performance in Sierra Leone: Case Study of the National Revenue Authority In Sierra Leone

The Impact of Value-Added Tax on Revenue Performance in Sierra Leone: Case Study of the National Revenue Authority In Sierra Leone

Impact of Value Added Tax to Enugu’s Economy

ABSTRACT
 Value-added tax is everywhere; it is in the most of goods and services we purchase. Take for instance; when we go to the salon to get our hair done, when we gas up our car, vat is also included in what we pay. In the Philippines, the value-added tax is a form of sales tax. It is a tax on the consumption levied on the sale, barter exchange, or lease of goods, properties, and services in the Philippines, and on importation of goods into the country, it is an indirect tax that may be shifted or passed into the buyer transferring lease of goods, properties or services. While in Nigeria, VAT is a Federal Government Tax that is administered using the existing machinery of the Federal Inland Revenue Services (FIRS). This study assessed the impact of value-added tax on Enugu Nigeria’s Economy, specifically to Government, Business Organizations, and Consumers, the problems identified, significant relationships, and the solutions recommended. The findings revealed that VAT has a significant impact on business organizations and consumers but positively on the part of the government. Recommendation for the improvement is for the consumer with low average earnings should be exempted in paying the VAT provided however, criteria must be set to exempt them in VAT.
 Keyword: Social Sciences, Impact, Value added Tax, Revenue, descriptive research design, Philippines

PENGARUH JUMLAH PERCEPATAN RESTITUSI PAJAK PERTAMBAHAN NILAI TERHADAP PENERIMAAN PAJAK PERTAMBAHAN NILAI (Studi pada Kantor Pelayanan Pajak Pratama Malang Utara)

The Accelerated of Value Added Tax Restitution is Indonesian government’s policy to a preliminary refund of value added tax overpayment. The simplification or the acceleration of the provision of restitution is done without strict examination and long process, but by simple research. Accelerated restitution policy is given to the Taxpayer who fulfills certain requirements (certain amount of restitution as mentioned above), certain criteria (Taxpayers who comply) and they are low risk Taxable Entrepreneurs that determined by the Minister of Finance. The Acceleration of Value Added Tax restitution is expected to reduce the cost compliance because the provision of restitution is done without examination and it is hoped that this policy could increase cash flow and liquidity of the economy. The research’s purpose is determine to impact the number of acceleration of value added tax restitution to the acceptance of value added tax. The type of research is explanatory research with a quantitative approach. The research’s data is secondary data that obtaine from the Pratama Tax Office Malang Utara. The research’s data is time series data during the periode of April 2018 – November 2019. The data analysis technique on the research is a simple regresi linier analysis. The results of this research is variable number of acceleration restitution on value added tax impact and significant for the revenue value added tax in the Pratama Tax Office Malang Utara. The value of R Square earned is 0.374 which means that the number of accelerated restitution of value added tax has an impact on the variable revenue of value added tax is 37.4%.

Value-added Tax Impact on the State Budget Expenditures and Incomes

State budget is the main tool of fiscal policy in every country. It is the most important part of the government, whose primary function is to finance public goods. Taxes are the essential part of state budget incomes and a value-added tax (VAT) makes up most of the revenue from taxes in Slovak republic. Because of this fact, the main goal of the paper is to analyze VAT impact on the state budgets expenditures and incomes in Slovak republic. Since the establishment of the Slovak republic, there were occurred many changes in VAT rates and those changes affected the prices of goods and services. This fact influenced the amount of state budget revenues from VAT. Because of that, the goal of the article is to analyze the development of standard and reduced VAT rates in years 1993 – 2015. The paper quantified the costs related to the management and control of taxation and then evaluated the effectiveness of VAT in relation to the state budget. From the results of the analysis of the revenue to the state budget, we can conclude that despite the gradual increase of tax revenues to the state budget, the share of VAT on tax total revenues, after the increase in the VAT rate by one percentage point, did not increase. In assessing the effectiveness of VAT, we concluded that the expenditures for tax and duties collection are several times lower than the tax revenues to the state budget and collection of tax and duties can be considered as effective.

The Impact of Value Added Tax on the North Cyprus Economy : a Short Term Assessment

Gerek kamu gelirlerinin artirilmasi, gerekse Turkiye ile AB’ye uye ulkeler ile uyumun saglanmasi amaciyla, 1996 yilinda Kuzey Kibris’ta KDV uygulamasi baslatilmistir. Ancak, bu uygulama sonrasinda, diger bir deyisle KDV uygulamasindan sonra dahi, butce aciginda artis gozlenmistir. Literatur arastirmalarindan da ortaya kondugu uzere, KDV yalnizca butce acigini azaltacak duzeyde bir gelir artisi saglamakla kalmayip, ayni zamanda gerek tasarrufu gerekse yatirimlari tesvik etmektedir. Bu konuda akla gelen soru ise, Kuzey Kibris’ta neden bu hedeflere ulasilamadigidir. Mevcut calisma ise, bu soruya bir yanit almak uzere tasarlanmistir. Yine bu baglamda, anilan calisma toplam tuketim, toplam tasarruflar, kamu, ozel ve toplam yatirimlar, kamu alimlari, ihracat ve ithalat gibi cesitli makro ekonomik degiskenleri kullanarak KDV’nin Kuzey Kibris ekonomisi uzerindeki etkilerini degerlendirmektedir. Boylece, KDV’nin etkisi politika degisimi icin dummy degisken iceren basit regresyon teknigi ile incelenmistir.

Impact of Value-Added Tax on the Capital Structure and Profitability of Premier Breweries Plc, Nigeria

What is the effect of value-added tax (VAT) on the capital structure and profitability of a firm? Based on the study of Premier Breweries Plc in Anambra State of Nigeria which manufactures beer, this paper by C.J. Arene and S.O. Ndomadu concludes that imposition of VAT has resulted in reduction in consumption as well as. sales volume leading to reduction in production capacity and net profit margin of the company.