- VAT is important for developing countries to raise tax revenues at low costs
- VAT compliance for small enterprises is complex and countries implement different policies to help them
- VAT refunds are important but can be a risk for revenue collection, measures need to be taken to prevent fraud
- New technologies can be used to improve VAT tracking, enhance tax services, promote compliance, and enforce compliance with high-quality data governance.
Source: regfollower.com
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.
