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VAT IS NOT A BUSINESS TAX
but a pure consumption tax    Read more and join US

MobiVAT
Making VAT easy

MobiVAT

Toward a simpler, more robust and efficient VAT system, Mobivat is shaping the future of VAT!

MobiVAT

On the brink of new VAT revolution, tomorrow's sellers and buyers alike do not even know about VAT

MobiVAT

Is designed to automatically extract taxes rather than leave the payment of taxes to the voluntary choice and morality of taxpayers

MobiVAT

By and large, taxpayers of all countries do not want to pay taxes unless compelled by a situation where they are left with no option other than to pay the taxes.

Making VAT easy!

The Simplest way to collect TAX

The ability to collect taxes is central to a country’s capacity to finance social services such as health and education, critical infrastructure such as electricity and roads, and other public goods.

Act as an agent of the Government to serve the nation responsively, with competence, pride, commitment and empathy.

A dynamic team of competent and committed people and community in nation-building and inclusive growth.

corporate goals are to:

• Foster a competitive tax environment that supports inclusive growth
• Enhance organisational and achieve a high level of staff competence and satisfaction

• INTEGRITY - Do what is right without fear or favour in all circumstances
• PROFESSIONALISM - Serve our nation responsively, with competence, pride, commitment and empathy
• INNOVATION - Continuously seek new ways to do our work better

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Why Use MobiVAT?

The VAT amount element is detached from the buyer’s payment and is remitted electronically to the tax revenue authority from the buyers’ bank account. In doing so VAT never reaches the account of the merchant

CURRENT VAT REGIME CHALLENGES

The majority of VAT laws were written before the emergence of many digital technology advances and the rise of certain new, potentially disruptive business models.

In this context, those laws are showing signs of age, as the rules tend not to track consumption of goods and services as well as they used to.

  • 1. The lack of adaptation to technological advances means that tax administrations are unable to use the technological advances that are widely available today.

  • 2. Lack of speed makes VAT fraud an issue! The delay between a merchant collecting tax from a sale and remitting it to the tax authority

  • 3. Weak drive to use ICT to increase the efficient collection of tax revenues willingness to ensure that VAT collection mechanisms reflect the evolving retail environment

  • 4. Concerns about online merchants based outside the country that are not complying with their VAT obligations correctly and costing a substantial amounts in lost tax revenue

VAT ADMINISTRATIVE BURDENS

The current VAT system contains fundamental flaws and suffers from assumptions that are overly broad and ultimately unnecessary. A series of patches and Band-Aids are being adopted as Benefits practices and part of an in depth compliance strategy. And although these compliance practices are helpful in protecting tax revenues in a generic sense. They do not focus on the real issues of the tax collection systems:

1. Compliance and administrative costs

Toward a simpler, more robust and efficient VAT system, Mobivat is shaping the future of VAT!

2. Stress and Frustration

on the brink of new VAT revolution tomorrow sellers and buyers alike do not even know about VAT

3. Efficiency costs

Is designed to automatically extract taxes rather than leave the payment of taxes to the voluntary choice and morality of taxpayers

4. Easy payment

By and large, taxpayers of all countries do not want to pay taxes unless compelled by a situation where they are left with no option other than to pay the taxes.

MEASURING ADMINISTRATIVE COSTS

Compliance with tax laws does not occur without effort: it must be created, cultivated, monitored and enforced in all countries. In economic terms, of course, effort is just another word for cost, and tax compliance costs have been a concern for centuries.

Administrative (or 'enforcement') public sector costs

  • Budget costs of revenue department(s)
  • Costs incurred by other departments in providing information
  • Judiciary and other costs related to dispute resolution
  • Interest costs (of 'loans' extended by legal lags in collection)

Compliance costs incurred by private sector

  • Budget costs of revenue department(s) (a) in complying with legal obligations (time,labour cost,expert advice,other) (b) in tax planning and attempting to evade ("involuntary" or unavoidable costs) (c) psychic costs (stress, anxiety, frustration) 2. Costs incurred by third parties (information providers, voluntary helpers

With regard to administrative costs costs (those costs are born directly by the public sector, and indirectly by all taxpayers With regard to compliance costs (those that are directly born by VAT taxpayers.)

Rethinking VAT Model

The use of MOBIVAT presents many benefits for Tax Revenue Authorities, including faster processing of information and data requiring fewer resources and reducing the tax collection.

1. SPLIT PAYMENT

The VAT element is split off from the buyer's payment is separately ( electronically remitted to the tax authority from the buyer's bank account; the VAT never reach the merchant account)

2. DEAD OF VAT RETURN

Removing the need for merchants to collect and account for VAT on behalf of their Tax Authoroty thus removing compliance obligation by supressing the VAT declaration.

3. REFUND MECHANISMS

Quicker mechanism of VAT Refund for B2B; for compliant businesses with good track records, the process of dealing with refund requests could virtually be automated

Making VAT easy!

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Our Clients Says

Separated they live in. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country


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Recent News

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Making Tax Digital (MTD) is an initiative by HMRC to provide a more technologically-driven approach to tax in order to improve efficiency, reduce errors, increase transparency and streamline processes.