Pessoa, Mario; Okello, Andrew Kazora; Świstak, Artur; … - 2021
The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self …-functioning VAT system. Improperly functioning VAT refund practices can have profound implications for fiscal policy and management … accumulation.This note addresses the following issues: (1) What are VAT refunds and why should they be managed properly? (2) What …