Summary of Advisory Services Project Information
Project Number
594887
Primary Business Area
Investment Climate
Disclosure Date
Jun 13, 2013
Country
Country Name Pending
Region
Africa
IFC Approval Date
Mar 19, 2013
Status
Completed
Estimated Total Budget
$1,600,000.00
(Project budget includes all project-funded activities)
Last Updated Date
Jul 2, 2018
Project Estimated End Date
Jun 30, 2015
Project Description
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.
- 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.
Development Results
Additional Documents
