Open AccessLegal and Regulatory Reform of Value-Added Taxation in the People’s Republic of China and the Republic of India: Trends and Characteristics
Author(s) -
Dmitry G. Bachurin
Publication year - 2021
Publication title -
brics law journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.184
H-Index - 4
eISSN - 2412-2343
pISSN - 2409-9058
DOI - 10.21684/2412-2343-2021-8-3-148-171
Subject(s) - china , politics , value (mathematics) , the republic , people's republic , political science , economic system , economics , law , philosophy , theology , machine learning , computer science
Value-added taxation is a multidimensional theoretical, scal and legal structure. It also serves as a tool for the practical transformation of political, legal and socio-economic relations. The objective of the research is to study new concepts of value-added taxation formed in the two largest BRICS economies (the People’s Republic of China and the Republic of India). The assumption is that not only “European” model of the legal regulation of VAT can be successful, but alternatively “Chinese” and “Indian models.” The author examines and evaluates changes in the legal structure of value added tax in general, and its elements focusing on the current stage of legal regulation of national systems of VAT (GST) in China and India. In addition, the political, legal, social and economic eects of the legal mechanism of VAT (GST) in China and India from 2017 to 2020 are demonstrated.