Review of Value Added Taxation in TRNC
AbstractThe value added tax system in North Cyprus is somewhat unique. It has a very high degree of legal coverage of goods and services in the economy and instead of exempting certain sectors from taxation; they are taxed at lower rates. At the same time the administration of the tax relies heavily on the characteristics of North Cyprus that arise because it is a small island economy. Overall the tax design of the VAT in the TRNC is one of the most comprehensive in the world, and its evolution to date has been to strengthen rather than weaken the value added tax system. In many ways it is a legal model that could be followed by many developing countries facing similar economic circumstances. However, the resolve of the government to administer the system according to the design has certain deficiencies. In this paper we discuss the strength and weaknesses of taxing system in TRNC and offer some recommendations.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by JDI Executive Programs in its series Development Discussion Papers with number 2002-06.
Length: 16 pages
Date of creation: Oct 2001
Date of revision:
North Cyprus; tax system; value added tax; revenue collection efficiency;
Find related papers by JEL classification:
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statistics
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rafik Majidov).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.