Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration

The collapse of Southern African Customs Union (SACU) revenue in 2009 has caused the Government to consider enhancing new sources of revenue in earnest to sustain its development policies. Existing plans that were prepared more than 5 years ago to introduce the Value-Added Tax (VAT) and create a new Revenue Authority (RA) focused on improved compliance are therefore more relevant than ever. This initial preparation provides ample room to rapidly improve both the design of taxes and fees and tax administration to ensure they are in line with both Swaziland's unique policy context and sound economic principles. These principles include: (i) policy and administration harmonization with South Africa so that investors view both countries as offering the same tax benefits and to facilitate the seamless launch of the RA with the benefit of the necessary support from (and partial integration with) South Africa's operations; (ii) the ability to implement reform rapidly given the fiscal emergency; and (iii) the need for simple and resilient policy and administrative designs that are able to cope with limited administrative capacity and a history of out-of-control spending.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2010-12
Subjects:	ACCOUNTING, ADVANCED ECONOMIES, ALCOHOLIC BEVERAGES, ARBITRAGE, ARREARS, BENEFICIARIES, BOND, BUDGET POLICY, BUSINESS INVESTMENT, CAPITAL ACCUMULATION, CAPITAL FLIGHT, CAPITAL GAINS, CAPITAL GAINS TAX, CAPITAL LOSSES, CAPITAL MOBILITY, CAPITAL STOCK, CAPITALIZATION, CENTRAL BANK, CENTRAL GOVERNMENT, CHECKS, COMPANY TAX, CONSUMPTION TAX, CONSUMPTION TAXES, COST OF CAPITAL, CREDIT CARD, CREDIT CARDS, CURRENT ACCOUNT DEFICIT, CUSTOMS UNION, DEBT, DEBT FINANCING, DEBTS, DEDUCTIONS, DEFERRED TAX, DEPOSITS, DEVELOPING COUNTRIES, DIVIDEND, DIVIDEND TAX, DIVIDENDS, DOUBLE TAXATION, DUMMY VARIABLE, DURABLES, ECONOMIC STRUCTURES, EMERGING ECONOMIES, ENVIRONMENTAL EXTERNALITIES, EQUIPMENT, EXCISE TAXES, EXPENDITURE, EXPORT, EXPORT TAXES, EXPORTER, EXPORTERS, EXPORTS, FEDERAL COUNTRIES, FINANCES, FINANCIAL ASSETS, FINANCIAL CRISIS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FINANCIAL TRANSACTIONS, FISCAL CONSOLIDATION, FISCAL POLICY, FOREIGN FIRMS, FOREIGN INVESTORS, FRAUD, GOVERNMENT EXPENDITURES, GOVERNMENT FINANCE, GOVERNMENT POLICIES, GOVERNMENT REVENUES, GROWTH RATE, HARMONIZATION, HUMAN CAPITAL, INCOME INEQUALITY, INCOME TAX, INCOME TAXES, INCOMES, INFLATION, INFLATION RATE, INPUT TAX, INSTRUMENT, INSURANCE, INSURANCE COMPANIES, INTEREST INCOME, INTERMEDIATION, INTERNAL CONTROL, INTERNAL CONTROLS, INVESTING, INVESTMENT DECISIONS, INVESTMENT FINANCING, INVESTMENT OPPORTUNITY, INVESTMENT TAX CREDITS, LEVIES, LEVY, LOAN, LOAN REPAYMENTS, LOCAL GOVERNMENTS, LOSS OF REVENUES, MACROECONOMIC VARIABLES, MARGINAL TAX RATES, MARKET PRICES, MEDIUM TERM FISCAL FRAMEWORK, MINIMUM INCOME TAX, MINISTRY OF FINANCE, MINISTRY OF HEALTH, MONETARY FUND, MONOPOLY, OPEN ECONOMIES, OPPORTUNITY COST, PAYMENT SYSTEM, PERSONAL INCOME, PERSONAL INCOME TAX, POLICY DECISIONS, POLICY MAKERS, POLICY REFORM, POLICY STATEMENT, POLL TAX, POLLUTION, PUBLIC ECONOMICS, PUBLIC EMPLOYEES, RATES OF RETURN, REAL ESTATE, REDISTRIBUTION, RENTS, REPAYMENTS, REVENUE AUTHORITY, REVENUE INCREASE, REVENUE NEEDS, REVENUE PERFORMANCE, REVENUE POOL, REVENUE YIELD, ROYALTIES, SALE OF GOODS, SALES TAX, SALES TAXES, SAVINGS, SETTLEMENT, STATUTORY TAX, STATUTORY TAX RATE, STATUTORY TAX RATES, SUBNATIONAL, SUBNATIONAL GOVERNMENTS, SURTAX, TAX, TAX ADMINISTRATION, TAX AUDITS, TAX AUTHORITIES, TAX AVOIDANCE, TAX BASE, TAX BASES, TAX BENEFITS, TAX BURDEN, TAX COLLECTION, TAX COLLECTIONS, TAX COMPLIANCE, TAX CREDIT, TAX DEBT, TAX DEBTS, TAX EFFORT, TAX EVASION, TAX EXPENDITURES, TAX FORMS, TAX FREE, TAX INCENTIVES, TAX NEUTRALITY, TAX ON BUSINESS, TAX ON CAPITAL GAINS, TAX ON CONSUMPTION, TAX POLICY, TAX PURPOSES, TAX RATE, TAX RATES, TAX REFORM, TAX REGIME, TAX RETURN, TAX RETURNS, TAX REVENUE, TAX REVENUES, TAX STRUCTURE, TAX STRUCTURES, TAX SYSTEM, TAX TREATMENT, TAXABLE INCOME, TAXATION OF CONSUMPTION, TAXES ON CONSUMPTION, TAXES ON PROPERTY, TAXPAYER, TAXPAYERS, TELECOMMUNICATIONS, TELEPHONE SERVICES, TOTAL DEBT, TRADE LIBERALIZATION, TRADING, TRANSACTION, TRANSFER PRICING, TRANSPARENCY, TREASURIES, TREASURY, TURNOVER, TURNOVER TAXES, VALUATION, VALUE ADDED TAX, WHOLESALE SALES TAX, WITHHOLDING TAX,
Online Access:	http://documents.worldbank.org/curated/en/2010/12/16498853/enhancing-non-sacu-revenue-swaziland-improving-tax-policy-administration https://hdl.handle.net/10986/12652
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