Revenue losses due to VAT gaps a study of selected African countries Sabrine Marsit, Obiageli Chiedu
By: Marsit, Sabrine
.
Contributor(s): Chiedu, Obiageli.
Material type: 
TextSeries: IBFD's white papers.Publisher: Amsterdam IBFD 2018Description: 11 p.Subject(s): IMPUESTO SOBRE EL VALOR AÑADIDO | RECAUDACION | FRAUDE FISCAL | ADMINISTRACION TRIBUTARIA | ÁFRICAOnline resources: Click here to access online 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.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Recursos electrónicos | IEF | IEF | OL 456 (Browse shelf) | Available | OL 456 |
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Resumen.
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.
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