![]() The tax payer in return, and not imposed as a penalty for any legal A tax is a compulsory contribution imposed by a publicĪuthority, irrespective of the exact amount of service rendered to Governmental revenue can atįirst be divided into two categories as tax revenue and non-tax **The Theories of TaxationGovernments require huge amount of The system developed and emerged as a popular revenue collection Principles inherent in the VAT system and the process through which Limited scale, it has quickly spread over Europe and then The VAT has been an innovative phenomenon in *But the supplier of goods or renderer of service forward shifts Or renders service, VAT is imposed on them.INTRODUCTION Whenever, a supplier of goods or renderer of service delivers goods Imposed on the provision of goods and rendition of services. Supplementary Duty, VAT are the examples of indirect taxes. On the other hand, when the burden of taxĬan be forward shifted, it is called indirect tax. When theīurden of tax can not be shifted by the person paying tax, it isĬalled direct tax. **Tax can be divided into direct tax and indirect tax. but non-tax revenue is collected inĮxchange of some direct benefits such as License fees, registration Giving any direct facility to the tax-payers such as Customs Duty, Governmental revenue can at first be divided into tax Responsibility of running state affairs which calls for huge amount *The present international system is composed of nation-states.Ī specific territory, population, government and sovereignty are System of Bangladesh is termed a success. Growth in the realization of revenue outpacing the rate of nationalĮconomic growth and therefore, in concluding remarks, the VAT Since its adoption in July 1991, the VAT has presented tremendous Notwithstanding, the article concludes with the observation that System of Bangladesh have been presented in Part-III of thisĪrticle to see few distortions prevalent in Bangladesh. The VAT system has accommodated all modern features to fit itselfĪs a modern system of taxation. Taxation systems, its pros and cons have been examined to see how In Part-II, to weigh the VAT system with other System quickly expanded worldwide since its adoption in France in Its emergence as a new system of taxation and describes how the **It also explores taxation systems in the pre-VAT era, examines Part-I elaborates the theory of taxationĪnd continues till VAT an indirect tax of consumption type. How the VAT has developed as a modern taxation system with some newįeatures prominent of them is the credit mechanism. In this course, the system has been explored to know System has been studied with its theoretical and Bangladesh PERSPECTIVEABSTRACTIn this article, the Value Added Tax (VAT) *VALUE ADDED TAX: THEORETICAL AND BANGLADESH ROUFJoint Commissioner (VAT), Dhaka (North) Commissionerate, SEMINAR:ICAB, 14 October 2010ICAB AUDITORIUM (9TH FLOOR)DR M ABDUR ![]() *Value Added Tax: Theoretical and Bangladesh PerspectiveCPD
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