5 Financial Services and the Value-Added Tax*
Author: Mr. Howell H Zee
Language:
English
Keywords:
BOOK; VAT; bank; capital gain; taxation; VAT treatment; VAT return; recovery ratio; VAT invoice; VAT complication; Tax allowances; Insurance; Compliance costs

Abstract

The value-added tax (VAT) has been adopted in over 100 countries. While the VAT base has been expanded in many countries to cover a wider range of goods and services, most countries with a VAT have not brought most financial services within the VAT net, especially financial intermediation services and other financial services rendered without explicit fees.

Within Same Series

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Other Publishers Content

Cover Taxing the Financial Sector
Taxing the Financial Sector
Concepts, Issues, and Practice
Author: Mr. Howell H Zee
ISBN:
9781589063167
Publication Date:
16 Apr 2004
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589063167.071
Pages:
93