COMPLEXITY OF VALUE ADDED TAX REGULATION AS SOURCE OF CREATIVE ACCOUNTING – PRACTICAL ASPECT
Abstract
This paper presents one of the first attempts to integrate tax law and accounting in tax evasion context. Today, tax and tax evasion are often interpreted as law phenomenons, although tax frauds are realized through bookkeeping procedures. Special accent is put on value added tax (VAT), whose complex regulation can be treated as important circumstance under which taxpayers perform tax evasion. In countries with more VAT rates, lower rate choice can be source of tax evasion. Wrong choice of lower VAT rate is often considered as a consequence of complex tax regulation. Accent is also put on retail area (that is analysed via case study), as one of the most vulnerable area to VAT evasion.
Published
2018/03/28
Section
Professional Paper
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).