Introducing the Value-Added Tax : Considerations for Implementation
Successfully implementing a value-added tax (VAT) system is complex and must be approached strategically and realistically in order to maximize company participation, create an efficient filing and audit administration, and encourage private sector...
Main Author: | |
---|---|
Format: | Brief |
Language: | English |
Published: |
World Bank, Washington, DC
2012
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2009/04/10501450/introducing-value-added-tax-considerations-implementation http://hdl.handle.net/10986/10565 |
Summary: | Successfully implementing a value-added
tax (VAT) system is complex and must be approached
strategically and realistically in order to maximize company
participation, create an efficient filing and audit
administration, and encourage private sector growth. The
active involvement of both the government and the private
sector is essential to delivering sustainable results. This
note presents the fundamentals of the VAT: how it works, the
challenges of introducing it, a menu of good practice
options, and lessons learned for implementation. |
---|