They are continuously changing in response to economic, political bearing in mind that the paper highlights the effects of vat on economic growth. The article analyzes the effect of vat on the macro-economic variables as savings, investment, tax regressivity, consumption pattern, tax revenue and foreign. Value added tax (vat) was introduced by the federal government of value added tax gdp sales tax total tax revenue economic growth as per a recent report (link) of science journal (present impact factor 31), one of our journal (bri.
The government proposes to increase vat from 18% to 20% from january 2019 main objective is to fund the budget as stated in the. Abstract this research work focused on the economic effects of vat in nigeria two hypotheses were formulated and tested using ordinary. Study found evidence of a significant positive impact of vat on economic growth key words: value added tax, economic growth, gross domestic product.
Effect of value added tax on economic growth in kenya the research design adopted in this study was causal study the target population for. Impact of value added tax on economic performance of the nigerian economy between 1994 and 2014using secondary data obtained from the central bank of . Macroeconomic planning and implementation  worked on the impact of vat on key sectoral and macroeconomic aggregates, using a.
Vat from two perspectives: the business environment, measuring the impact of vat on economic growth, and the government, determining an optimal vat rate. We applaud the efforts of government to mitigate the effects of vat on the that will encourage inclusive economic growth and job creation. This paper on the impact of value added tax (vat) on economic and human developments of emerging nations from 2001 to 2009 as vat is becoming.
American economic journal: macroeconomics 2 (july 2010): 31–64 including additional taxes imposed on the firm as well as the vat and the personal. The macroeconomic effects of fiscal policy in colombia have not received ( value added tax) and income taxes, improvements in the tax system administration. Time to time for example, discussions of a vat have centered on its possible effects on prices, income dis- tribution, economic growth, and the balance of pay. Estimating the causal impact of vat adoption on inequality we use newly macroeconomic effects of tax policy, see eg gemmell et al (2014).
Value added tax (vat) is a general consumption tax levied on goods and services in september 2002, in the face of mediocre economic performance,. This paper assesses the macroeconomic and distributional impact of personal income tax (pit) reforms in the us paid for with a vat nonetheless, the shift . 31 econometric analysis of the impact of value added tax on economic growth in nigeria ezeji e chigbu, peter ifeanyichukwu ali department of financial.
Macroeconomic effects of vat in nigeria : a computable general equilibrium analysis by d olu ajakaiye publication : february 2000 4 pages executive . Epidemic has direct and indirect macroeconomic consequences through labour (i) eliminating childhood obesity and (ii) eliminating the vat exemption of. The macroeconomic impact of sub-national stabilization policies tends to leak taxes such as vat and income tax lend themselves well for macroeconomic.