Simplified Business Tax Implementation

completed

The project will support the revision of several key laws and regulations on tax policies and administration. Specifically, the project's key activities include: - Support the introduction of a Value Added Tax (VAT) threshold and simplification measures for small and medium businesses above and below the VAT threshold to reduce administrative costs and compliance burdens. - Support the improvement of a Risk Based Audit (RBA) system to assist the tax authority in targeting non-compliant businesses and saving administration costs, while removing discretionary audits for compliant businesses. - Simplify accounting and book-keeping requirements to match the capacity of micro and small businesses. - Conduct outreach activities to ensure buy-in from all key stakeholders on the adoption and implementation of reforms. - Work with central and local tax authorities to develop training, guidance and other services for small taxpayers.