The setting of the structure and value of tax rates is one of the most important points in the design of any VAT system. Whether due to the effect it has on the decisions of economic agents, or because of the importance it has on the redistribution of wealth, or because of its impact on the administrative costs of the system, the decision as to the level and the number of VAT rates to be applied is overlaid with technical and political delicacy.
By Luís Aires
EMEA Indirect Tax Advisor | Ph.D. Candidate | Author | Researcher on VAT Policy/Case Law and Tax Technology | Lecturer
Source: LinkedIn
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