Bangladesh - Revenue Mobilization Program for Results: VAT Improvement Program Technical Assessment

This operation will support the VAT Improvement Program to assist the National Board of Revenue (NBR) in streamlining and modernizing Value Added Tax (VAT) operations and establishing an integrated VAT Management System for the purposes of implementing the new regime. The primary focus of the program is to prepare the administration to be able to administer the new VAT, which is to be introduced in July 2015. The new VAT Act, 2012 provides for a modern VAT scheme based on few exemptions and self-assessment. The Act provides the legal basis for the new VAT administration, and the impetus for a shift from manual to automated and modernized core tax business processing. The program is part of the government s broader tax reform agenda as articulated in the Tax Modernization Plan 2011-16 (endorsed by Parliament in June 2011), which envisages policy and institutional reform alongside a program for automating NBR operations to improve services to taxpayers, reduce administrative costs for taxpayers, and improve compliance. The VAT improvement program aims to widen the tax base by enhancing voluntary compliance, and reducing non-compliance. The ultimate goals are to increase VAT revenues and enhance the transparency of the VAT administration in Bangladesh in order to achieve its medium-term revenue target of a tax-to GDP-ratio of 12.2 percent by FY 2016; and to enhance the VAT compliance. Towards this objective, the program will also address those structural weaknesses embedded in the tax system that result in skewed tax bases and provide wide opportunities for evasion and corruption. Importantly, the VAT improvement program will support the strategic reform agenda, also supported by the IMF s Extended Credit Facility to enable NBR to fully implement the new VAT law.

Bibliographic Details

Main Author:	World Bank
Format:	Other Financial Sector Study biblioteca
Language:	English en_US
Published:	Washington, DC 2014-01
Subjects:	ACCOUNT MANAGEMENT, ACCOUNTANT, ACCOUNTING, ACTION PLAN, ADMINISTRATIVE COSTS, ADMINISTRATIVE PROCESSES, ADMINISTRATIVE SYSTEM, ADMINISTRATIVE SYSTEMS, ADVERTISEMENTS, APPLICATION SOFTWARE, ARREARS, AUTHENTICATION, AUTOMATION, BID, BROWSER, BUSINESS ASSOCIATIONS, BUSINESS INDICATORS, BUSINESS PROCESS, BUSINESS PROCESSES, BUSINESS REQUIREMENTS, BUSINESS TRANSFORMATION, BUSINESSES, CADRE SYSTEM, CAPABILITIES, CAPACITY BUILDING, CAPACITY CONSTRAINTS, CHECKS, CLIENT BASE, COMMUNICATION STRATEGY, COMPLIANCE COST, COMPLIANCE COSTS, COMPUTER SYSTEM, COMPUTER TERMINAL, CONNECTIVITY, CORE BUSINESS, CREDIT FACILITY, CURRENT LAW, CUSTOMS, DATA CENTER, DATA CENTERS, DATA NETWORK, DATA WAREHOUSE, DEBT, DEBT MANAGEMENT, DEPOSIT, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DISBURSEMENT, DISPUTE RESOLUTION, DISTRIBUTION OF INCOME, E-GOVERNANCE, E-MAIL, E-PAYMENT, E-PAYMENT GATEWAY, E-SERVICE, E-SERVICES, ECONOMIC ACTIVITY, ECONOMIC EFFICIENCY, ELECTRONIC REGISTRATION, ELECTRONIC SERVICES, ENFORCEMENT PROCEDURES, ENFORCEMENT PROCESS, EQUIPMENT, ESTIMATED TAX, ETHICAL BEHAVIORS, EXCHANGE OF INFORMATION, EXCISE TAX, EXPENDITURES, EXPORT, EXPORTERS, EXPORTS, FINANCIAL MANAGEMENT, FINANCIAL SUSTAINABILITY, FISCAL POLICY, FRAUD, GOOD GOVERNANCE, GOVERNMENT FINANCING, GOVERNMENT REVENUE, GOVERNMENT REVENUES, HARDWARE, HARMONIZATION, HUMAN RESOURCE, HUMAN RESOURCES, ICT, ID, IDENTIFICATION NUMBER, IMPLEMENTATION PLAN, IMPLEMENTING AGENCIES, IMPLEMENTING AGENCY, INCOME, INCOME TAX, INFORMATION SYSTEMS, INFORMATION TECHNOLOGY, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE INVESTMENTS, INPUT TAX, INTERFACE, INTERFACES, INTERNATIONAL CONSULTANTS, INTERNATIONAL STANDARDS, INVESTMENT CLIMATE, IT INFRASTRUCTURE, JOINT STOCK COMPANIES, JURISDICTIONS, LEGAL BASIS, LEGAL DRAFTING, LICENSE, LOW-INCOME COUNTRIES, MANAGEMENT SYSTEM, MANUFACTURING, MONETARY FUND, NATIONAL DEVELOPMENT, NEW TECHNOLOGY, OPERATIONAL FUNCTIONS, OUTPUTS, OUTSOURCING, PAYMENT OF TAX, PAYMENT OF TAXES, PAYMENT PROCESSING, PHYSICAL INFRASTRUCTURE, PRIVATE SECTOR, PROCUREMENT, PROCUREMENT PROCESS, PROCUREMENT PROCESSES, PROCUREMENTS, PRODUCTIVITY, PROJECT MANAGEMENT, PROTOCOLS, QUERIES, RECURRENT EXPENDITURES, REFORM PROGRAM, REGISTRATION APPLICATION, REGISTRATION APPLICATIONS, REGISTRATION OF BUSINESSES, REGISTRATION PROCESS, REGISTRATION SYSTEM, REGISTRY, RELIABILITY, RESULT, RESULTS, RISK MANAGEMENT, RISK PROFILES, ROUTERS, RULE OF LAW, SERVERS, SILOS, SINGLE TAXES, SITES, SOFTWARE APPLICATIONS, SOFTWARE SOLUTION, SOFTWARE SYSTEMS, SUPERVISION, TARGETS, TAX ADMINISTRATION, TAX AUDIT, TAX AUDITS, TAX AVOIDANCE, TAX BASE, TAX BASES, TAX CODE, TAX COLLECTION, TAX CREDITS, TAX DEDUCTIONS, TAX EVASION, TAX EXPENDITURE, TAX FORMS, TAX LAW, TAX LIABILITIES, TAX LIABILITY, TAX OFFICES, TAX PAYER, TAX PAYERS, TAX POLICY, TAX RECEIPTS, TAX REFORM, TAX REFUNDS, TAX RETURN, TAX RETURNS, TAX REVENUE, TAX REVENUES, TAX STRUCTURE, TAX SYSTEM, TAX SYSTEMS, TAX TREATMENT, TAX-PAYERS, TAXATION, TAXPAYER, TAXPAYER COMPLIANCE, TAXPAYER SERVICE, TAXPAYER SERVICES, TAXPAYERS, TECHNICAL ASSISTANCE, TECHNICAL SUPPORT, TECHNICAL TRAINING, TELEPHONE, TIME FRAME, TIMELY PAYMENT, TRADING, TRAINING MANUAL, TRANSACTION, TRANSPARENCY, TREASURY, TURNOVER, TURNOVER TAX, USER, USER INTERFACE, USERS, USES, VALUE ADDED TAX, VERIFICATION, WEB, WITHHOLDING TAX, WORKSTATIONS, WORLD DEVELOPMENT INDICATORS,
Online Access:	http://documents.worldbank.org/curated/en/2014/01/19795263/revenue-mobilization-program-results-vat-improvement-program-technical-assessment http://hdl.handle.net/10986/20075
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