Title Page
Fiscal Affairs Department
How to Manage Value-Added Tax Refunds
Prepared by Mario Pessoa, Andrew Kazora Okello, Artur Swistak, Muyangwa Muyangwa, Virginia Alonso-Albarran, and Vincent Koukpaizan
INTERNATIONAL MONETARY FUND
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©2021 International Monetary Fund
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Composition: The Grauel Group
HOW TO NOTE
Fiscal Affairs Department
How to Manage Value-Added Tax Refunds
Prepared by Mario Pessoa, Andrew Kazora Okello, Artur Swistak, Muyangwa Muyangwa, Virginia Alonso-Albarran, and Vincent Koukpaizan
Names: Pessoa, Mario. | Okello, Andrew Kazora. | Świstak, Artur. | Muyangwa, Muyangwa. | Alonso-Albarran, Virginia. | Koukpaizan, Vincent de Paul. | International Monetary Fund. Fiscal Affairs Department, issuing body. | International Monetary Fund, publisher.
Title: How to manage VAT refunds / prepared by Mario Pessoa, Andrew Kazora Okello, Artur Swistak, Muyangwa Muyangwa, Virginia Alonso-Albarran, and Vincent Koukpaizan.
Other titles: How to notes (International Monetary Fund)
Description: Washington, DC : International Monetary Fund, 2021. | April 2021. | Includes bibliographical references.
Identifiers: ISBN 9781513577043 (paper)
9781513577050 (Web PDF)
9781513577067 (ePub)
Subjects: LCSH: Value-added tax. | Tax refunds.
Classification: LCC HJ5711.P47 2021
DISCLAIMER: Fiscal Affairs Department (FAD) How to Notes offer practical advice from IMF staff members to policymakers on important fiscal issues. The views expressed in FAD How to Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Contents
Abbreviations
1. Introduction
2. VAT Refunds: A Primer
3. What Do VAT Refund Levels Reveal?
4. VAT Refund Management Framework
5. Conclusions
Annex 1. A Framework for VAT Refund Management
References
Abbreviations
| ATO | Australian Tax Office |
| AVS | Automated VAT System |
| CIAT | Inter-American Center of Tax Administrations |
| CIP | Compliance Improvement Plan |
| GFSM | Government Finance Statistics Manual |
| GRS | Georgia Revenue Service |
| ISORA | International Survey on Revenue Administration |
| OECD | Organisation for Economic Co-operation and Development |
| PFM | Public Financial Management |
| RA-GAP | Revenue Administration Gap Analysis Program |
| RST | Retail Sales Tax |
| SNA | System of National Accounts |
| TADAT | Tax Administration Diagnostic Assessment Tool |
| TSA | Treasury Single Account |
| VAT | Value-Added Tax |