The applications of Value Added Tax (VAT) to enhance tax revenues in Egypt and Saudi Arabia

Abstract

This research aims to highlight the role of Value Added Tax (VAT) in enhancing tax revenues in both Egypt and Saudi Arabia, based on the premise that VAT is an important financial tool for achieving public resources and ensuring financial sustainability. The research discusses the concept of VAT, its application mechanisms, and compares its impact on the economy in both Egypt and Saudi Arabia. Additionally, it examines the challenges faced in implementing this tax and evaluates its effectiveness in ensuring tax justice and promoting tax compliance culture. This study relies on a comparative analytical approach by examining financial data and relevant tax legislation. The research concludes with a set of recommendations aimed at improving the efficiency of the tax system and strengthening its role in supporting economic development.