Value Added Tax

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT essentially compensates for the shared service and infrastructure provided in a certain locality by …

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Publications

EU: European Union · 4 October 2024 English

. . . . . . 60 8.4. Common system of value added tax (VAT): extension of the application period


ODI: Overseas Development Institute · 4 October 2024 English

In response to the potential economic implications of the Protocol and the digital trade challenges identified in Ghana, certain measures can be adopted to increase the economic benefits of the …

Trade and Development US United States VAT value-added tax 6 ODI Report Executive summary The African businesses, such as the Companies Act of Ghana, the Value Added Tax Act, the Electronic Transfer Levy (Amendment)


World Bank Group · 3 October 2024 English

This Systematic Country Diagnostic (SCD) Update assesses the evolution of Panama's development challenges and policy priorities since the publication of the SCD in 2015. During the last eight years, Panama …

corporate income tax, personal income tax, and value-added tax amount to 8.2, 0.5, and 1.8 percent of GDP


EU: European Union · 2 October 2024 English

such as exemption from customs duties and value added tax for machinery, reimbursement of customs duties


World Bank Group · 2 October 2024 English

This paper summarizes the evidence on the growth and distributional effects of digitalization through four channels: average productivity growth, employment and wages, access to markets, and government finances. First, digitalization …

information transactions significantly increased value-added tax (VAT) and income tax payments (Mascagni, Mengistu (OECD 2015; OECD/G20 2021), and collecting value-added tax and goods and services tax on the growing


EU: European Union · 2 October 2024 English

such as exemption from customs duties and value added tax for machinery, reimbursement of customs duties


World Bank Group · 1 October 2024 English

This regional Country Climate and Development Report (CCDR) focuses on four countries of the 11‑member Organization of Eastern Caribbean States (OECS) - Dominica, Grenada, Saint Lucia, and Saint Vincent and …

Framework Convention on Climate Change VAT Value Added Tax VRE Variable Renewable Energy VRRF Vulnerability


World Bank Group · 1 October 2024 English

This regional Country Climate and Development Report (CCDR) focuses on four countries of the 11‑member Organization of Eastern Caribbean States (OECS)—Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines. …

Framework Convention on Climate Change VAT Value Added Tax VRE Variable Renewable Energy VRRF Vulnerability


World Bank Group · 30 September 2024 English

supported increased healthcare expenditure, waived value-added tax (VAT) and duties on health and hygiene products


World Bank Group · 30 September 2024 English

The spatial configuration of domestic supply chains plays a crucial role in the transmission of shocks. This paper investigates the representativeness of formal firm-to-firm trade data in capturing overall domestic …

tax reports, the key data set are monthly value-added tax (VAT) returns. The VAT returns include details


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