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Evaluation Report on VAT Implementation: Recommendations for Strengthening Trust and Effectiveness

  • Minister Raghoebarsing received the evaluation report from the VAT Commission
  • The commission consisted mainly of members of the technical team of the Tripartite Consultation
  • Various stakeholders were heard during the evaluation, including VSB, ASFA, RAVAKSUR, and the Chamber of Commerce and Factories
  • Recommendations were made in the areas of legislation, organization, and information regarding VAT implementation
  • A crucial recommendation is to ensure trust in the VAT system by timely payment of VAT refunds to entrepreneurs
  • Investments in information, communication, human resources, and IT systems are important for effective implementation of the law
  • Recommendation to continue implementing the current VAT legislation unchanged in the short term and focus on increasing support and improvements in implementation
  • Minister Raghoebarsing was satisfied with the support of the technical team and thanked the Commission for their valuable proposals

Source: gov.sr

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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