5.6 Value Added Tax

The VAT Act 2052 (1996) — the consumption's modern tax: the principle (the value-addition's stage-by-stage credit (the invoice's trail — the self-enforcing lore)); the registration (the turnover threshold); the rates (the standard rate's budget adjustments; the zero-rating (the exports) + the exemptions (the essentials' list)); the input-credit machinery (the credit's conditions; the fraud's faces (the fake-invoice scams' history)); the administration (the monthly returns; the e-filing's arrival; the IRD's VAT wing); the relevance: the divisible pool's core (the federal-provincial-local sharing of U3.3) — the federalism's financing anchor.