Record Details

The Reduction of Presumptive Elements in VAT - A Comparative Analysis of the Value Added Tax (VAT) and Supplementary Duty Act, 2012, and the Value Added Tax (VAT) Act, 1991, of Bangladesh

Journal of Tax Administration

View Archive Info
 
 
Field Value
 
Title The Reduction of Presumptive Elements in VAT - A Comparative Analysis of the Value Added Tax (VAT) and Supplementary Duty Act, 2012, and the Value Added Tax (VAT) Act, 1991, of Bangladesh
 
Creator Mamun, Iqtiaruddin Md.
 
Description The Value Added Tax (VAT) and Supplementary Duty Act, 2012 of Bangladesh, which, having already been deferred a number of times following its enactment, was scheduled to be implemented from July 01, 2017, has been postponed again, amid concerns among, and opposition from, the business community and members of the public. However, the tax authority of Bangladesh claims that the 2012 Act is superior to the existing Value Added Tax (VAT) Act, 1991, in terms of revenue mobilisation and the reduction of tax evasion. While the 1991 Act is fraught with the presumptive elements that are the major sources of tax evasion and causes of departure from the standard VAT system, the proposed Act is free of presumptive elements, so it will be closer to the standard VAT system. This paper demonstrates that the implementation of the proposed VAT Act would dramatically reduce the incentives for tax evasion as the presumptive elements have been eliminated. Keywords: Value Added Tax (VAT), Tariff Value (TV), Truncated Base (TB), Input Tax.
 
Publisher Journal of Tax Administration
 
Contributor —
 
Date 2019-08-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://jota.website/index.php/JoTA/article/view/236
 
Source Journal of Tax Administration; Vol 5, No 2 (2019)
2059-190X
 
Language eng
 
Relation http://jota.website/index.php/JoTA/article/view/236/174
 
Rights Copyright (c) 2019 Journal of Tax Administration