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What is Indirect Tax

Chapter 14
Global Challenges and Strategic Disruptors in Asian Businesses and Economies
Indirect tax charged on goods and services (e.g., value added tax).
Published in Chapter:
Automation of VAT System: A Pathway of Domestic Resource Mobilization
Biplob Kumar Nandi (East West University, Bangladesh), Md. Humayun Kabir (East West University, Bangladesh), and Nandini Roy (University of Dhaka, Bangladesh)
Copyright: © 2021 |Pages: 23
DOI: 10.4018/978-1-7998-4787-8.ch014
Abstract
The automated tax system has been taken as an effective tool for modernizing the tax system. The automated tax system can easily store all types of reported income, and it makes the tax submission procedure easy and convenient, resulting in reducing the compliance cost. The main objective of this chapter is to explain the necessity of an automated value added tax (VAT) system for raising domestic resource mobilization and how automation can be a better alternative to finance sustainable development goals projects. The secondary data was collected from the National Board of Revenue, Bangladesh. This study explains that the entire VAT system's automation can reduce the taxpayers' incentive to evade tax by reducing the tax compliance and taking bribes of tax officials. In sum, automation of the tax system would ultimately be pragmatic tax reform for the financing in the SDG projects.
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Chapter 6
Exporting Without Direct Access to International Markets: How Legal, Institutional, and Financial Conditions Affect the Decision to Export
A tax that is collected by an intermediary to pay to government, with the consumer paying it indirectly as a part of the sale price.
Published in Chapter: Exporting Without Direct Access to International Markets: How Legal, Institutional, and Financial Conditions Affect the Decision to Export; From: Impact of Global Issues on International Trade
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Chapter 6
Impact of Military Expenditure on Domestic Economy: A CGE Modelling Approach for India
An indirect tax (such as sales tax, per unit tax, value added tax [VAT], or goods and services tax [GST]) is a tax collected by an intermediary from the person who bears the ultimate economic burden of the tax, such as the consumer. The intermediary later files a tax return and forwards the tax proceeds to government with the return. In this sense, the term indirect tax is contrasted with a direct tax, which is collected directly by government from the persons on whom it is imposed.
Published in Chapter: Impact of Military Expenditure on Domestic Economy: A CGE Modelling Approach for India; From: Handbook of Research on Military Expenditure on Economic and Political Resources
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