Value added tax - generalized method of consumption taxation. Comparative Approaches Cover Image

Value added tax - generalized method of consumption taxation. Comparative Approaches
Value added tax - generalized method of consumption taxation. Comparative Approaches

Author(s): Mihai Dorel Vlad
Subject(s): Economy
Published by: Asociația pentru Promovarea Spiritului Antreprenorial
Keywords: Tax; VAT; national budget; the European Union; economics; fiscal policy

Summary/Abstract: One of the fundamental technical elements of this tax is the scope of VAT, which usually is the delivered goods, services provided and work performed within a country. And thanks to the destination principle, exports are taxed at a zero rate, which is equivalent to the VAT exemption, but without losing the right to deduct tax for purchases.

  • Issue Year: 5/2016
  • Issue No: 1
  • Page Range: 36-42
  • Page Count: 7
  • Language: English