Business Taxation and Investment Policy Reform Program

completed

The project is comprised of three main reform areas. - Investment Policy and Incentives: the project will support the drafting of revised investment, tax and customs codes and the establishment of a system that better administers fiscal incentives, including the capacity building of the authorities These reforms will reduce the barrier to investors, who currently have to wait for the approval of their incentives applications. - Reform of the Tax Administration for Small and Medium Enterprises: This activity will focus on simplifying the tax system for Small and Medium Enterprises, replacing the existing system with one that has fewer taxes as well as taxes which are simpler to comply with. It will also work towards a simplified tax administration for Small and Medium Enterprises as well as advise the Tax administration on taxpayers outreach, education and assistance. - Reform of the Tax Appeals System: This activity will support the development of a viable and fair tax appeal system, allowing progressive appeals depending on the severity of the tax dispute. The existing system does not offer taxpayers with a viable means of disputing tax cases, leading to harassment as well as rent seeking.