부가가치세 면세와 경감세율제도에 대한 고찰

Starting from the point of calculation difficulties for tax base of financial services we can accept VAT exemption for financial services not on the base of policy norm, but on the base of simplification norm. So we can just apply VAT Exemption for financial services, but not the standard rate, reduced tax rates, or zero rate. VAT Exemption System can find his significance of existence from the difficulty of reduced rates application. If the reduced rates can appliable for all taxable goods and service there is no significance of existence for Exemption System because of its distortion effect. For other areas, with the exception of financial services, the reduced rates would be desirable. It is also for the efficient, fair and properly functioning VAT system. Transition from Exemption System to the reduced rates system from the stand point of the taxpayer do not mean the heavier tax burden. Because of reimbursement the tax burden can be reduced for some providers. As a result the existing Exemption providers are converted to taxable providers and the providers supplying the items with reduced tax rates issue tax invoices. Cross-Checking of VAT transactions in the economy can be significantly improved. For this reason the current exemption system should be converted 3～5% of reduced rate system.