When VAT ceases to be VAT

A levy called VAT that abandons input-output adjustment ceases to operate as VAT. This three-part analysis by Huzaima Bukhari & Dr. Ikramul Haq traces the test, the damage, and the rebuild.

1. When VAT ceases to be VAT-I — Distorting & mutilating value added taxation
2. When VAT ceases to be VAT-II — Withholding, blocked credits & fiscal Balkanisation
3. When VAT ceases to be VAT-III — Rebuilding the invoice-credit chain

Related analysis

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• Law & Practice of Sales Tax — the book on the law and practice of sales tax