Isaac Sharara’s Law of Proportional Value Added Tax Calculation in a Multi-currency economy. A case for Zimbabwe 2023

Author(s)	Isaac Tsivai Sharara
Country	Zimbabwe
Abstract	This paper has a cardinal goal of suggesting a way or method to calculate Value added tax (VAT) in a multi-currency economy where the VAT must be collected and remitted in the currency of tender. This paper notes that a good VAT system must not affect the choices of the consumer in any way and also that, each taxpayer must be allowed to contribute to state tax collections in any of the officially allowed currencies in that economy. In this paper, proportions are used to calculate the contribution per currency within a single transaction involving a single standard rated product or service.
Keywords	Value Added Tax, Multi-currency, Base-currency
Field	Mathematics > Economy / Commerce
Published In	Volume 5, Issue 2, March-April 2023
Published On	2023-04-21
Cite This	Isaac Sharara’s Law of Proportional Value Added Tax Calculation in a Multi-currency economy. A case for Zimbabwe 2023 - Isaac Tsivai Sharara - IJFMR Volume 5, Issue 2, March-April 2023. DOI 10.36948/ijfmr.2023.v05i02.2506
DOI	https://doi.org/10.36948/ijfmr.2023.v05i02.2506
Short DOI	https://doi.org/gr6h87

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