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Risk assessment of the value added tax collection

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  • Olga Burianova

    (University of Finance and Administration)

Abstract

Value added tax (VAT) is one of the EU budgets pillars. The author’s task was to investigate the issue of VAT collection in a comprehensive way. The main research question is: What relevant threats can be identified in VAT collection? The presented article is a professional study containing the implementation of the methods and procedures using the international standard ISO 31000, ISO 31010, and the qualitative method DYVELOP with a description of the semantics and syntax of the graphical representation. The use of a comprehensive view of VAT collection brings a new perspective on risk assessment and the possibility of reverse controlling. A very risky factor in VAT collection seems to be a unified view of the payer when collecting VAT, while each payer has specific conditions in its field. At the same time, each payer has specific conditions in its field that affect VAT collection. The scientific contribution is to elaborate on the presented current paradigm of VAT collection risks, as a new approach to assessing the risks. Failure in the process of creating added value of individuals in the private or public sphere, leading to the threat of VAT collection.

Suggested Citation

  • Olga Burianova, 2024. "Risk assessment of the value added tax collection," SN Business & Economics, Springer, vol. 4(11), pages 1-25, November.
    • Handle: RePEc:spr:snbeco:v:4:y:2024:i:11:d:10.1007_s43546-024-00727-1
    DOI: 10.1007/s43546-024-00727-1
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "The Aftermath of Financial Crises," American Economic Review, American Economic Association, vol. 99(2), pages 466-472, May.
    2. Stephen G. Cecchetti & Marion Kohler & Christian Upper, 2009. "Financial crises and economic activity," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 89-135.
    3. Stevanie S. Neuman & Thomas C. Omer & Andrew P. Schmidt, 2020. "Assessing Tax Risk: Practitioner Perspectives," Contemporary Accounting Research, John Wiley & Sons, vol. 37(3), pages 1788-1827, September.
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    More about this item

    Keywords

    VAT; Risk assessment; Risk treatment;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

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