Vat in Bangladesh

In: Business and Management

Submitted By sadhansherpur
Words 6094
Pages 25
Term Paper for BBA (Hon’s) Second year course
Department of Management
Sherpur Govt. College, Sherpur.

Topic: “Accounting Aspect of VAT in Bangladesh.“

Submitted by: Sadhan Krisna BarmanExam.
Roll No: 9823502
Registration No : 1806089
Session: 2010-2011
BBA (Hon’s) Second year
Class Roll No : 847
Sherpur Govt. College,Sherpur.

Date of Submission : February 02, 2014

Chapter Particulars Page No Letter of Transmittal i Preface ii Abstract iii Acknowledgement iv

Chapter: 1 1. Introduction 1

Chapter: 2 2.1 Objectives of the Article 2 2.2 Tax System in Bangladesh 2 2.3 Introduction of VAT in Bangladesh 4

Chapter : 3 3.1 Features of VAT in Bangladesh 7 3.2 Efficiency and Productivity of VAT 8 Table 1 : Tax/GDP ratio and various taxes as a percentage of total tax revenues 9 Table 2: VAT as part of Bangladesh tax system: 10 Table for 2002/03-2007/08 based on data 10 Table 3: VAT’s efficiency 11

Chapter: 4 4.1 Reforms in Bangladesh’s VAT 13 4.2 Implementation Problems 14 4.3 Services: 15 4.4 Improving Taxpayer Compliance: 16 4.5 Review of Compliance Concessions: 16 4.6 Recommendations 17

Chapter: 5 5.1 Conclusion 19
Reference: 20

Chapter-1
1. Introduction
The origin of Value Added Tax (VAT) can be traced as far back as the writings of F Von Siemens, who proposed it in 1918 as a substitute for the then newly established German turnover tax. Since then numerous economists have recommended it in different contexts. Also, various committees have examined the tax in great detail. However, for its rejuvenation, the tax owes much to Maurice Faure and Carl Shop.
The recent evolution of VAT can be considered as the most important fiscal innovation of the present century. VAT was first introduced in France in 1954. With the imposition of Taxes surreal Value Adoptee, France become the first European…...

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