The Introduction of Value Added Tax Legal System in Lesotho with Particular Emphasis on Its Administration and Implementation
Author: Puseletso Idleatte Letete
Publisher:
Published: 2008
Total Pages: 284
ISBN-13:
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Author: Puseletso Idleatte Letete
Publisher:
Published: 2008
Total Pages: 284
ISBN-13:
DOWNLOAD EBOOKAuthor: P. I. Letete
Publisher:
Published: 2008
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: World Bank
Publisher: World Bank Publications
Published: 2019-11-21
Total Pages: 241
ISBN-13: 1464814414
DOWNLOAD EBOOKSeventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Author: Mario Pessoa
Publisher: International Monetary Fund
Published: 2021-05-10
Total Pages: 29
ISBN-13: 1513577042
DOWNLOAD EBOOKThe value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administrations find it challenging to refund excess input credits, which is critical to a well-functioning VAT system. Improperly functioning VAT refund practices can have profound implications for fiscal policy and management, including inaccurate deficit measurement, spending overruns, poor budget credibility, impaired treasury operations, and arrears accumulation.This note addresses the following issues: (1) What are VAT refunds and why should they be managed properly? (2) What practices should be put in place (in tax policy, tax administration, budget and treasury management, debt, and fiscal statistics) to help manage key aspects of VAT refunds? For a refund mechanism to be credible, the tax administration must ensure that it is equipped with the strategies, processes, and abilities needed to identify VAT refund fraud. It must also be prepared to act quickly to combat such fraud/schemes.
Author: John Brondolo
Publisher: International Monetary Fund
Published: 2016-03-17
Total Pages: 67
ISBN-13: 1475523610
DOWNLOAD EBOOKTax administration improvements have contributed significantly to a doubling of China’s tax-to-GDP ratio and the substantial reduction in taxpayers’ compliance costs since the mid-1990s. This paper describes the key features of China’s tax administration and their evolution over the last 20 years. It also identifes emerging challenges to the tax system and areas where further tax administration improvements are needed to sustain tax revenue and reduce taxpayers’ compliance costs in the future.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 1999-04-08
Total Pages: 56
ISBN-13: 1451836066
DOWNLOAD EBOOKIn recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
Published: 2011-08-03
Total Pages: 86
ISBN-13: 1498339247
DOWNLOAD EBOOKThe Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.
Author:
Publisher:
Published: 2017
Total Pages: 116
ISBN-13: 9789264295490
DOWNLOAD EBOOKValue Added Tax (VAT; also known as Goods and Services Tax, under the acronym GST in a number of OECD countries) has become a major source of revenue for governments around the world. Some 165 countries operated a VAT at the time of the completion of the International VAT/GST Guidelines in 2016, more than twice as many as 25 years before. As VAT continued to spread across the world, international trade in goods and services has also expanded rapidly in an increasingly globalised economy. One consequence of these developments has been the greater interaction between VAT systems, along with growing risks of double taxation and unintended non-taxation in the absence of international VAT co-ordination. The International VAT/GST Guidelines now present a set of internationally agreed standards and recommended approaches to address the issues that arise from the uncoordinated application of national VAT systems in the context of international trade. They focus in particular on trade in services and intangibles, which poses increasingly important challenges for the design and operation of VAT systems worldwide. They notably include the recommended principles and mechanisms to address the challenges for the collection of VAT on cross-border sales of digital products that had been identified in the context of the OECD/G20 Project on Base and Erosion and Profit Shifting (the BEPS Project). These Guidelines were adopted as a Recommendation by the Council of the OECD in September 2016.
Author: Mr.Charles Y. Mansfield
Publisher: International Monetary Fund
Published: 1987-06-01
Total Pages: 26
ISBN-13: 1451975392
DOWNLOAD EBOOKThis paper examines the role of tax administration in developing countries from an economic perspective. The traditional separation of tax policy and tax administration in the literature is shown to break down in developing countries, where tax administrators decide in what manner complicated tax legislation should actually be applied. After surveying economic literature dealing with tax administration, the paper offers guidelines on how tax administrators can help implement more efficient and equitable tax systems.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2001-06-12
Total Pages: 75
ISBN-13: 1451823673
DOWNLOAD EBOOKThe Lesotho economy is experiencing a downturn of economic growth, high unemployment and poverty, and fiscal and balance-of-payments pressures. The size of the proposed fiscal adjustment is adequate because it focuses on improvement in the external current account balance and the maintenance of gross international reserves. The current monetary arrangement with South Africa has served Lesotho well. The efforts of the central bank to reduce the wide interest rate spreads, encourage financial intermediation, mobilize domestic savings, and reduce capital flight have been commended.