Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Corporate Taxation

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
  • Armenia, Republic of x
Clear All Modify Search
Cover Technical Assistance Reports
Republic of Armenia: Technical Assistance Report-Personal Income Tax and Social Security Contribution Gaps
International Monetary Fund. Fiscal Affairs Dept.
This report presents results on a review of data available to the State Revenue Committee for estimating the Personal Income Tax and Social Security Contribution gaps. It is concluded that SRC has sufficient quality data available from operational audits to assess the gaps.
Keywords:
Personal Income Tax Gap; Social Security Contributions Gap; Bottom-up approach; Operational audits; Heckman Sample Selection model; Republic of Armenia.; SSC gap; PIT gap measurement methodology; social security contribution gap; PIT gap; SRC data; assessed PIT; Personal income tax; Auditing; Tax audits; Corporate income tax; Tax gap; Global
Cover Technical Assistance Reports
Republic of Armenia: Technical Assistance Report-Corporate Income Tax Gap Prediction 2023 Based on Corporate Income Tax Returns
International Monetary Fund. Fiscal Affairs Dept.
This report presents estimates of predictions of the Corporate Income Tax (CIT) gap for Armenia for 2023. The predicted CIT Gap is based on not-yet audited tax returns. The CIT gap is predicted to be 25.5 to 34.1 percent of potential CIT liability in 2023.
Keywords:
Predicted Corporate Income Tax Gap; Bottom-up approach; Not-yet audited tax returns; Heckman Sample Selection model; Republic of Armenia.; CIT gap; CIT gap estimate; IMF team; gap analysis; IMF short term expert; Corporate income tax; Auditing; Business enterprises; Tax gap; Tax audit performance measurement
Cover Technical Assistance Reports
Republic of Armenia: Technical Assistance Report-Corporate Income Tax Gap Estimation Based on Operational Audits
International Monetary Fund. Fiscal Affairs Dept.
This report presents estimates of the Corporate Income Tax (CIT) gap for Armenia for the period 2020–2022. The CIT gap is based on a bottom-up approach using operational audits. The average CIT gap in Armenia is estimated at 26.4-35.2 percent of potential CIT liability.
Keywords:
Republic of Armenia; Corporate Income Tax Gap; Bottom-up approach; Operational audits; Heckman Sample Selection model; Machine learning model; Select cases for future audits.; CIT Gap; CIT gap estimate; A. CIT gap result; CIT gap; Corporate income tax; Auditing; Income; Tax audit performance measurement; Business enterprises
Cover IMF Staff Country Reports
Republic of Armenia: Technical Assistance Report-Strategic Choices for Tax Administration to Enhance Tax Compliance
International Monetary Fund. Fiscal Affairs Dept.
This technical assistance report on Republic of Armenia advices on advises on strategic choices for tax administration and compliance risk management. It complements the March 2018 tax administration mission, which provided the State Revenue Committee (SRC) with general guidance to develop and implement a compliance improvement framework. Armenia’s tax policy setting creates challenges for the SRC to effectively manage tax compliance. The Government’s tax policy framework is likely to create new noncompliance opportunities and result in revenue leakages. Strengthened fundamental functions and processes are needed for the delivery of effective tax administration. Two issues raised in the 2018 tax administration mission report need to be highlighted again. The mission provided an analysis of SRC case selection and advised on the adoption of analytical tools to achieve better results. The SRC’s current additive risk rule scoring approaches need to be supplemented by predictive modeling giving better predictions and prioritization of the likelihood and potential consequences of noncompliance—the use of such model is envisaged in the SRC’s draft strategic plan.
Keywords:
ISCR; CR; administration; taxpayer; tax administration; compliance management approach; mission report need; increase taxpayer confidence; taxpayer register; core tax administration function; governance arrangement; Tax administration core functions; Tax return filing compliance; Auditing; Corporate income tax
Cover IMF Working Papers
VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence
Ms. Li Liu
,
Mr. Ben Lockwood
,
Miguel Almunia
, and
Eddy H.F. Tam
Using administrative tax records for UK businesses, we document both bunching in annual turnover below the VAT registration threshold and persistent voluntary registration by almost half of the firms below the threshold. We develop a conceptual framework that can simultaneously explain these two apparently conflicting facts. The framework also predicts that higher intermediate input shares, lower product-market competition and a lower share of business to consumer (B2C) sales lead to voluntary registration. The predictions are exactly the opposite for bunching. We test the theory using linked VAT and corporation tax records from 2004-2014, finding empirical support for these predictions.
Keywords:
WP; unit cost; standard deviation; Value‐Added Tax (VAT); Voluntary Registration; Bunching; year dummy; input cost ratio; account database; responses to notch; turnover net; Value-added tax; VAT registration thresholds; Compliance costs; Competition; Corporate income tax; value-added tax system; VAT threshold; H.F. tam; system in the UK
Cover IMF Staff Country Reports
Republic of Armenia: Technical Assistance Report-Growth-Friendly Rebalancing of Taxes
International Monetary Fund. Fiscal Affairs Dept.
With the appointment of a new government, a lively debate has ensued about redirecting fiscal policies in support of a balanced revenue-raising strategy that is conducive to investment and growth. Currently, Armenia needs to raise more revenues in support of fiscal consolidation and to generate additional funding for developing and maintaining the physical infrastructure with special reference to the need of improving the urban built-up environment. Since the Authorities requested the mission to consider tax measures that are supportive of growth and/or tradeable sector, the proposed restructuring of taxes recognizes that real estate taxes, resource rent taxes, and broad-based consumption taxes (VAT and excises) are least distortive for growth. The 2016 Technical Assistance Mission in its report reviewed already unutilized tax bases as far as excises are concerned (taxation of gambling, mobile air time, waste packaging taxes, alcohol and tobacco taxation). As requested by the authorities, this mission focused on improving personal and business income taxes, presumptive taxation, and the recurrent real estate tax as base-broadening of the latter could support the fiscal program of the new government.
Keywords:
ISCR; CR; land tax; tax rate; flat tax; market value; tax revenue; tax system; Property tax; Corporate income tax; Personal income; Income tax systems; Africa; Global; Eastern Europe