Modernizing VAT systems to reduce the compliance burden for all could benefit tax administrators, businesses and society at large suggests new research conducted by UNSW Sydney, with support from KPMG International.
The research concluded that 14 countries around the world score favorably overall, including Singapore, Australia, Costa Rica, New Zealand and South Africa, with a compliance burden index of 4 or less, while 15 countries were rated with a score of 6 or more, suggesting the need for policy and/or administrative reforms in those locations in order to help reduce the compliance burden — for taxpayers and for tax administrators.
Source: prnewswire.com
