A New Method for Applying Vat to Financial Services

Laborda, Julio López; Peña, Guillermo

doi:10.17310/ntj.2018.1.05

Cited by 14 publications

(12 citation statements)

References 14 publications

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“…For the counterparty who does not report the Tax Invoice will face the administrative sanction of 2% from the DPP (Tax Base) and shall pay the bill from the company. "tax planning on VAT input and VAT output in an effort to improve the efficiency of the company's cash flow " (Laborda & Pena, 2018 Procedures Law and PT TT Metals Indonesia which is in accordance with the existing theory put forward by the experts; but the implementation has not been optimally realized in the field.…”

Section: Resultsmentioning

confidence: 88%

ANALYSIS OF e-INVOICE IMPLEMENTATION IN INPUT TAX CONTROL

Nurdiansyah

Nawawi

Kosasih

et al. 2021

JBK

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The purpose of analyzing the application of e-invoice in controlling tax credit input of PT. TT Metals Indonesia, the obstacles that occur and how to overcome the obstacles in the implementation of Electronic Tax Invoice in control in an effort to prevent the issuance of fictitious tax invoices. Researcher method uses qualitative research with descriptive analysis. The results of this study are that PT. TT Metals Indonesia Karawang in the percentage that before the occurrence of tax invoices in 2013 amounted to 0.92% while after the Tax Invoice in 2015 amounted to 0.05% shows that experiencing a decrease in losses due to input tax correction before and after the application of e-invoice. Constraints that arise during the application of the Electronic Tax Invoice are dependence on the system and internet network connection, the inadequate level of ability and negligence of the Taxable Entrepreneur and the Taxable Entrepreneur computer facility, while the alternative way to overcome the obstacles that arise during the application of the Electronic Tax Invoice is through an increase the quality of the information system network, and appeals to Taxable Entrepreneurs to update the computer.

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Section: Resultsmentioning

confidence: 88%

ANALYSIS OF e-INVOICE IMPLEMENTATION IN INPUT TAX CONTROL

Nurdiansyah

Nawawi

Kosasih

et al. 2021

JBK

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“…evaluating the gravity equation specified with and without applying fee-spreads by obtaining the specification of the spread that satisfies that the pure interest is kept constant. The results show that the mobileratio developed by Lopez-Laborda and Peña (2018), could be considered the optimal feespread for financial services. In Section 4 some empirical exercises check the validity of the expectations.…”

Section: Introductionmentioning

confidence: 87%

“…The four main points in common with ex-nihilo fund theories are developed next. First, the quantities issue is considered by adapting the proposal of Lopez-Laborda and Peña (2018) shown in the 15 th footnote of that paper in which capital amounts are equal. Considering that the interest payments IP are equal to the product of the deposit interest rate id and the deposit D, the interest receipts IR are the product of the loan interest rate il and the loan capital L, and finally, the pure interest ε is the product of the pure interest rate εo and the bond capital, B, with D≠L, we have:…”

Section: The Financial Gravity Modelmentioning

confidence: 99%

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The key role of quoted spreads in financial services and transactions

Peña¹

2021

Econ Bus Lett

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Banking has driven the development of the world for centuries. An interesting issue to analyze is the optimal spread on financial products reflecting the value added that does not generate economic distortions for consumers in intertemporal decisions. Based on a gravity equation for these services, this paper examines the optimality of a modified Quoted Spread, the recently-proposed mobile-ratio, by assessing whether the pure interest expressed as a gravity equation between interests does not change after applying this spread. Results show that the mobile-ratio is the specification of the spread with no distortions on investment decisions. Regarding fiscal policy, this ratio plays a key role for both the Financial Transaction Tax and the VAT on financial services.

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“…For a detailed review of the economic distortions of the exemption of financial services on VAT, seeLópez-Laborda and Peña (2018).…”

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confidence: 99%

Financial VAT may improve trade openness

Laborda

Peña

2021

Applied Economics

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The Andrew Young School of Policy Studies was established at Georgia State University with the objective of promoting excellence in the design, implementation, and evaluation of public policy. In addition to four academic departments, including economics and public administration, the Andrew Young School houses eight leading research centers and policy programs, including the International Center for Public Policy.The mission of the International Center for Public Policy (ICePP) at the Andrew Young School of Policy Studies is to provide academic and professional training, applied research, and technical assistance in support of sound public policy and sustainable economic growth in developing and transitional economies.ICePP is recognized worldwide for its efforts in support of economic and public policy reforms through technical assistance and training around the world. This reputation has been built serving a diverse client base, including the World Bank, the U.S. Agency for International Development (USAID), the United Nations Development Programme (UNDP), finance ministries, government organizations, legislative bodies, and private sector institutions.The success of ICePP reflects the breadth and depth of its in-house technical expertise. The Andrew Young School's faculty are leading experts in economics and public policy and have authored books, published in major academic and technical journals, and have extensive experience in designing and implementing technical assistance and training programs. Andrew Young School faculty have been active in policy reform in over 40 countries around the world. Our technical assistance strategy is not merely to provide technical prescriptions for policy reform, but to engage in a collaborative effort with host governments and donor agencies to identify and analyze the issues at hand, arrive at policy solutions, and implement reforms.ICePP specializes in four broad policy areas:  Fiscal policy (e.g., tax reforms, public expenditure reviews)  Fiscal decentralization (e.g., reform, intergovernmental transfer systems, urban finance)  Budgeting and fiscal management (e.g., local, performance-based, capital, and multiyear budgeting)  Economic analysis and revenue forecasting (e.g., micro-simulation, time series forecasting)For more information about our technical assistance activities and training programs, please visit our website at icepp.

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A New Method for Applying Vat to Financial Services

Cited by 14 publications

References 14 publications

ANALYSIS OF e-INVOICE IMPLEMENTATION IN INPUT TAX CONTROL

ANALYSIS OF e-INVOICE IMPLEMENTATION IN INPUT TAX CONTROL

The key role of quoted spreads in financial services and transactions

Financial VAT may improve trade openness

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