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...
| Main Author: | |
|---|---|
| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/12/16498853/enhancing-non-sacu-revenue-swaziland-improving-tax-policy-administration http://hdl.handle.net/10986/12652 |
| id |
okr-10986-12652 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
| spellingShingle |
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 World Bank Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration |
| geographic_facet |
Africa Swaziland Eswatini |
| description |
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. |
| format |
Economic & Sector Work :: Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration |
| title_short |
Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration |
| title_full |
Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration |
| title_fullStr |
Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration |
| title_full_unstemmed |
Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration |
| title_sort |
enhancing non-sacu revenue in swaziland : improving tax policy and administration |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2010/12/16498853/enhancing-non-sacu-revenue-swaziland-improving-tax-policy-administration http://hdl.handle.net/10986/12652 |
| _version_ |
1764421953039368192 |
| spelling |
okr-10986-126522021-04-23T14:03:05Z Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration World Bank 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 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. 2013-03-12T16:09:56Z 2013-03-12T16:09:56Z 2010-12 http://documents.worldbank.org/curated/en/2010/12/16498853/enhancing-non-sacu-revenue-swaziland-improving-tax-policy-administration http://hdl.handle.net/10986/12652 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Africa Swaziland Eswatini |