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Automation of VAT System: A Pathway of Domestic Resource Mobilization

Automation of VAT System: A Pathway of Domestic Resource Mobilization

Biplob Kumar Nandi, Md. Humayun Kabir, Nandini Roy
Copyright: © 2021 |Pages: 23
ISBN13: 9781799847878|ISBN10: 179984787X|ISBN13 Softcover: 9781799858317|EISBN13: 9781799847885
DOI: 10.4018/978-1-7998-4787-8.ch014
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MLA

Nandi, Biplob Kumar, et al. "Automation of VAT System: A Pathway of Domestic Resource Mobilization." Global Challenges and Strategic Disruptors in Asian Businesses and Economies, edited by Patricia Ordóñez de Pablos and Miltiadis D. Lytras, IGI Global, 2021, pp. 224-246. https://doi.org/10.4018/978-1-7998-4787-8.ch014

APA

Nandi, B. K., Kabir, M. H., & Roy, N. (2021). Automation of VAT System: A Pathway of Domestic Resource Mobilization. In P. Ordóñez de Pablos & M. Lytras (Eds.), Global Challenges and Strategic Disruptors in Asian Businesses and Economies (pp. 224-246). IGI Global. https://doi.org/10.4018/978-1-7998-4787-8.ch014

Chicago

Nandi, Biplob Kumar, Md. Humayun Kabir, and Nandini Roy. "Automation of VAT System: A Pathway of Domestic Resource Mobilization." In Global Challenges and Strategic Disruptors in Asian Businesses and Economies, edited by Patricia Ordóñez de Pablos and Miltiadis D. Lytras, 224-246. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-4787-8.ch014

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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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