Asst. Prof. Dr. Hasan Oral, from the Faculty of Law, at Cyprus International University (CIU), published the book, “Discount Mechanism in Value Added Tax (Turkey-European Union)".
The book, published by Yetkin Publishing, examines the theoretical and practical aspects of the reduction mechanism, which is the most advantageous aspect of the tax administration since 1985, for tax administration and taxpayers.
Asst. Prof. Dr. Hasan Oral recalled that tax turns into waterfall type tax for tax payers and provides a control opportunity for the tax administration due to a tax discount mechanism.
"This feature of tax is enabled to implement it as an expenditure tax easily”, he said.
Oral drew attention to the problems arising from tax reductions in the TRNC. Benefiting from the guidance of the legislation and practices in European Union countries will provide important opportunities for both Turkey and the TRNC.
Asst. Prof. Dr. Oral said that in addition to discussing the theoretical framework of VAT reduction, the comparison of the legislation of some European Union countries were also done in the book.
Oral mentioned some of the judicial problems that are faced with due to the tax reduction. He pointed out that there are explanations about ABAD, AİHM and the Council of State in the book.
Asst. Prof. Dr. Hasan Oral, who has been a faculty member at Cyprus International University since 2017, is also a lawyer in the area of dispute arising from legislation on tax.
News Date: July 27, 2019