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Managing Tax Incentives in Developing Countries
Author:
Miguel Pecho
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,
Stoyan E Markov
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,
Philip R Wood
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,
Rachel Auclair
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Fernando Velayos
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Series:
Technical Notes and Manuals
Volume/Issue:
Volume 2024: Issue 007
Language:
English
Publication Date:
21 Nov 2024
DOI:
https://doi.org/10.5089/9798400289590.005
ISBN:
9798400289590
ISSN:
2075-8669
Pages:
30
Keywords:
Tax incentive risks; revenue authorities; whole-of-government approach; governance; transparency and accountability; policy design and legislation; compliance risk management; risk differentiation framework; managing tax incentives; due diligence; Policy design; views ofthe IMF; reporting obligation; Customs authorities; Tax incentives; Semi-autonomous revenue bodies; Special economic zones; Global
Legal-disclaimer:
This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This technical note sets out the essential elements to effectively manage tax incentives in developing countries, emphasizing the important role that revenue authorities must play in preventing abuses and revenue leakages. The note presents considerations for a risk-based compliance program on tax incentives that combines various supportive, preventative, and corrective practices and approaches. It also delineates key enablers, such as a whole-of-government approach, robust transparency and accountability practices, and a modern compliance risk management framework.
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Cover Technical Notes and Manuals
Technical Notes and Manuals
ISSN:
2075-8669
Publisher:
International Monetary Fund