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Alexandrina Alexandrova
EUROPEAN TAX PRACTICE IN VAT APPLICATION - ANALYTICAL ASPECTS
Summary:
The European Union is among the largest supranational economic and integration structures whose main priority is to create conditions for free movement of capital, goods and labour within the single market. Taxation is one of the most complicated and controversial problems of the economic policy of the Union, as taxes are the main source of budget revenues and their value largely depends on the budget and social policies of the specific Member State, as well as the Community. As a major source of revenue budget for both the national and the European fiscal systems, value added tax creates the necessity for thorough examination and analysis of the specifics of its regulations and the amount of the applicable in EU tax rates.
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Petko Angelov
ECONOMIC RECOVERY AND IMPACTS OF CRISES ON THE TAX BASE IN BULGARIA
Summary:
This study aims to examine the impacts of crises on the tax base of fiscal revenues from the perspective of taxpayers during Bulgaria's economic recovery post-pandemic. The applied research method involves a survey among individuals and legal entities, followed by data analysis using IBM SPSS. The findings confirm the specific intensity and direction of various macroeconomic factors ranging from crises to opportunities for economic recovery. Notably, the pandemic has significantly eroded the tax base in Bulgaria, primarily through reduced sales, compounded by political instability domestically and the war in Ukraine. Conversely, respondents positively evaluate business support measures during the pandemic and anticipate potential benefits for taxpayers upon the country’s accession to the eurozone.
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Ishola Ayobami Olatunji, Cordelia Omodero
THE ROLE OF TAXATION IN PROMOTING SUSTAINABLE DEVELOPMENT IN NIGERIA
Summary:
This research examined the nexus between taxation and sustainable development in Nigeria. The study’s specific objectives were to investigate how company income tax, petroleum profit tax, and value added tax would affect sustainable development, measured by per capita income, in Nigeria. Secondary data from 1994 till 2022 and sourced from the annual report of the Nigerian Federal Inland Revenue Services was utilized for the study. The sourced data was estimated using the Vector Error Correction Model. The unit root test showed that all the variables were stationary at first difference and the Johansen Cointegration revealed a long run relationship among the variables. Findings showed that company income tax, petroleum profit tax, and value added tax positively and significantly impact per capita income. The research, therefore, recommended that the government should ensure that tax funds are utilized for infrastructural and economic developmental objectives as it would facilitate Nigeria’s economic development.