Toward a More Business Friendly Tax Regime : Key Challenges in South Asia
This paper discusses competitiveness-related issues surrounding the design and administration of corporate and value added/sales taxes in four South Asian countries -- Bangladesh, India, Pakistan, and Sri Lanka. The paper is based largely on analys...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/12/25669891/toward-more-business-friendly-tax-regime-key-challenges-south-asia http://hdl.handle.net/10986/23477 |
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okr-10986-234772021-04-23T14:04:15Z Toward a More Business Friendly Tax Regime : Key Challenges in South Asia Reva, Anna TAX INCENTIVES TAX RESEARCH CAPITAL MARKETS LIABILITY SALES TAX EQUIPMENT TAX CREDIT ACCOUNTING CORPORATE INCOME TAX WAREHOUSE TAX RATES TAX EXEMPTION LANDHOLDERS PROPERTY TAX ADDED TAX USE TAX VALUE‐ ADDED TAX STOCK INFORMATION TECHNOLOGY TAX INCENTIVES TAX BURDENS TAX COMPLIANCE COSTS GIFTS GOVERNMENT SPENDING CONSUMPTION TAXES EXCHANGE OPTION DEVELOPING COUNTRIES TAX BASES TAX‐RATES EXPORTERS REVENUES SALES TAX CONSUMPTION TAXES TAX BENEFITS TAX SIMPLIFICATION TAX COMPLIANCE TAX EVASION FEDERAL TAX TAX SYSTEMS TAX INCOME TAX TAXABLE INCOME TAX LEGISLATION LEVEL PLAYING FIELD CORPORATE INCOME TAX INTERNATIONAL BANK CONSUMPTION TAX DEVELOPING COUNTRY TAX LEGISLATION BUDGET VALUE‐ADDED TAX FOREIGN MARKETS MACROECONOMIC STABILITY SMALL BUSINESS TAX SYSTEM TAX ADMINISTRATION TAX POLICIES TAX EXEMPTION CURRENCY CORPORATE INCOME TAXES CORPORATE TAX RATES TAX BURDENS TAX REGIME TAX REGULATIONS TAX LIABILITIES TAX EXEMPTIONS TURNOVER TAXES MONETARY FUND VALUE ADDED TAX MARKETS RETURN CONSUMPTION TAX TAX BASE TAX RETURNS TAX REFORM TAX BREAKS LOANS TAX REVENUES TAX BASE TAX REVENUES FINANCE TAX BASES FOREIGN CURRENCY CORPORATE TAX TAX LIABILITIES TAX POLICIES TAXES TAX TABLE TAX REFORMS INVESTMENT DECISIONS EXPENDITURE DOUBLE TAXATION TAX TABLE INTERNATIONAL STANDARDS INCOME TAXES INVESTORS MACROECONOMIC INSTABILITY VALUE ADDED TAXES TAX CREDIT GOOD TAX INCENTIVE TAX RATE CORPORATE TAX TRANSPARENCY TAX REVENUE INCOME TAXES COMPLIANCE COSTS TURNOVER TAX LAWS CORPORATE INCOME TAX RETURNS FIXED CAPITAL TAX REGIMES GOVERNMENT EXPENDITURE TAX CONCESSIONS GOVERNMENT REVENUE INPUT TAX EXPENDITURES INPUT TAX TAX EVASION CORPORATE TAXES TAX EXPENDITURE TAX‐BREAKS TAX RATES TAX COMPLIANCE VALUE ADDED TAX TAX EXPENDITURES TAX EXEMPTIONS TAX LIABILITY MARKET TAX RATE TAX REVENUE LEVY INSURANCE TAX LIABILITY TAXATION ECONOMIC DEVELOPMENT TAX LAW TAXABLE INCOME TAX CREDITS GOODS SECURITY TAX LAWS LAND TAX INVESTMENT STOCK EXCHANGE FEDERAL TAX INDIRECT TAXATION TURNOVER TAXES ADDED TAXES INVESTMENT CLIMATE TAX SYSTEM TAX SYSTEMS DIFFERENTIAL TAX TREATMENT INVESTMENT REQUIREMENTS TAX POLICY TAX‐REVENUE TAXPAYERS TAX ADMINISTRATION REVENUE TAX POLICY LEVIES PROFIT TAX BREAKS TAX DEDUCTIONS INVESTMENTS TAX TREATMENT DEDUCTIONS TAX REFORM TAX EXPENDITURES TAX PREFERENCES CAPITAL INVESTMENT PROFITS PUBLIC SPENDING LIABILITIES TAX RETURNS TAX REFORMS SMALL BUSINESSES TAX REGULATIONS TAX PREFERENCES INVESTING This paper discusses competitiveness-related issues surrounding the design and administration of corporate and value added/sales taxes in four South Asian countries -- Bangladesh, India, Pakistan, and Sri Lanka. The paper is based largely on analysis of tax legislation; in addition, data from the World Banks enterprise surveys, the Doing Business report, as well as industry studies are used for evidence on tax compliance costs for business. The review of tax regulations in the region shows several commonalities: (1) widespread use of tax incentives to support selected industries, types of firms, and industrial locations; (2) many exemptions from value-added taxes as well as the practice of levying multiple indirect taxes on the same base; and (3) high costs of tax compliance for businesses. The paper discusses the consequences of tax policies for the competitiveness of South Asian producers, describes the main problems in tax administration, and outlines key directions for reforms. 2015-12-22T17:00:39Z 2015-12-22T17:00:39Z 2015-12 Working Paper http://documents.worldbank.org/curated/en/2015/12/25669891/toward-more-business-friendly-tax-regime-key-challenges-south-asia http://hdl.handle.net/10986/23477 English en_US Policy Research Working Paper;No. 7513 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research South Asia South Asia |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
TAX INCENTIVES TAX RESEARCH CAPITAL MARKETS LIABILITY SALES TAX EQUIPMENT TAX CREDIT ACCOUNTING CORPORATE INCOME TAX WAREHOUSE TAX RATES TAX EXEMPTION LANDHOLDERS PROPERTY TAX ADDED TAX USE TAX VALUE‐ ADDED TAX STOCK INFORMATION TECHNOLOGY TAX INCENTIVES TAX BURDENS TAX COMPLIANCE COSTS GIFTS GOVERNMENT SPENDING CONSUMPTION TAXES EXCHANGE OPTION DEVELOPING COUNTRIES TAX BASES TAX‐RATES EXPORTERS REVENUES SALES TAX CONSUMPTION TAXES TAX BENEFITS TAX SIMPLIFICATION TAX COMPLIANCE TAX EVASION FEDERAL TAX TAX SYSTEMS TAX INCOME TAX TAXABLE INCOME TAX LEGISLATION LEVEL PLAYING FIELD CORPORATE INCOME TAX INTERNATIONAL BANK CONSUMPTION TAX DEVELOPING COUNTRY TAX LEGISLATION BUDGET VALUE‐ADDED TAX FOREIGN MARKETS MACROECONOMIC STABILITY SMALL BUSINESS TAX SYSTEM TAX ADMINISTRATION TAX POLICIES TAX EXEMPTION CURRENCY CORPORATE INCOME TAXES CORPORATE TAX RATES TAX BURDENS TAX REGIME TAX REGULATIONS TAX LIABILITIES TAX EXEMPTIONS TURNOVER TAXES MONETARY FUND VALUE ADDED TAX MARKETS RETURN CONSUMPTION TAX TAX BASE TAX RETURNS TAX REFORM TAX BREAKS LOANS TAX REVENUES TAX BASE TAX REVENUES FINANCE TAX BASES FOREIGN CURRENCY CORPORATE TAX TAX LIABILITIES TAX POLICIES TAXES TAX TABLE TAX REFORMS INVESTMENT DECISIONS EXPENDITURE DOUBLE TAXATION TAX TABLE INTERNATIONAL STANDARDS INCOME TAXES INVESTORS MACROECONOMIC INSTABILITY VALUE ADDED TAXES TAX CREDIT GOOD TAX INCENTIVE TAX RATE CORPORATE TAX TRANSPARENCY TAX REVENUE INCOME TAXES COMPLIANCE COSTS TURNOVER TAX LAWS CORPORATE INCOME TAX RETURNS FIXED CAPITAL TAX REGIMES GOVERNMENT EXPENDITURE TAX CONCESSIONS GOVERNMENT REVENUE INPUT TAX EXPENDITURES INPUT TAX TAX EVASION CORPORATE TAXES TAX EXPENDITURE TAX‐BREAKS TAX RATES TAX COMPLIANCE VALUE ADDED TAX TAX EXPENDITURES TAX EXEMPTIONS TAX LIABILITY MARKET TAX RATE TAX REVENUE LEVY INSURANCE TAX LIABILITY TAXATION ECONOMIC DEVELOPMENT TAX LAW TAXABLE INCOME TAX CREDITS GOODS SECURITY TAX LAWS LAND TAX INVESTMENT STOCK EXCHANGE FEDERAL TAX INDIRECT TAXATION TURNOVER TAXES ADDED TAXES INVESTMENT CLIMATE TAX SYSTEM TAX SYSTEMS DIFFERENTIAL TAX TREATMENT INVESTMENT REQUIREMENTS TAX POLICY TAX‐REVENUE TAXPAYERS TAX ADMINISTRATION REVENUE TAX POLICY LEVIES PROFIT TAX BREAKS TAX DEDUCTIONS INVESTMENTS TAX TREATMENT DEDUCTIONS TAX REFORM TAX EXPENDITURES TAX PREFERENCES CAPITAL INVESTMENT PROFITS PUBLIC SPENDING LIABILITIES TAX RETURNS TAX REFORMS SMALL BUSINESSES TAX REGULATIONS TAX PREFERENCES INVESTING |
| spellingShingle |
TAX INCENTIVES TAX RESEARCH CAPITAL MARKETS LIABILITY SALES TAX EQUIPMENT TAX CREDIT ACCOUNTING CORPORATE INCOME TAX WAREHOUSE TAX RATES TAX EXEMPTION LANDHOLDERS PROPERTY TAX ADDED TAX USE TAX VALUE‐ ADDED TAX STOCK INFORMATION TECHNOLOGY TAX INCENTIVES TAX BURDENS TAX COMPLIANCE COSTS GIFTS GOVERNMENT SPENDING CONSUMPTION TAXES EXCHANGE OPTION DEVELOPING COUNTRIES TAX BASES TAX‐RATES EXPORTERS REVENUES SALES TAX CONSUMPTION TAXES TAX BENEFITS TAX SIMPLIFICATION TAX COMPLIANCE TAX EVASION FEDERAL TAX TAX SYSTEMS TAX INCOME TAX TAXABLE INCOME TAX LEGISLATION LEVEL PLAYING FIELD CORPORATE INCOME TAX INTERNATIONAL BANK CONSUMPTION TAX DEVELOPING COUNTRY TAX LEGISLATION BUDGET VALUE‐ADDED TAX FOREIGN MARKETS MACROECONOMIC STABILITY SMALL BUSINESS TAX SYSTEM TAX ADMINISTRATION TAX POLICIES TAX EXEMPTION CURRENCY CORPORATE INCOME TAXES CORPORATE TAX RATES TAX BURDENS TAX REGIME TAX REGULATIONS TAX LIABILITIES TAX EXEMPTIONS TURNOVER TAXES MONETARY FUND VALUE ADDED TAX MARKETS RETURN CONSUMPTION TAX TAX BASE TAX RETURNS TAX REFORM TAX BREAKS LOANS TAX REVENUES TAX BASE TAX REVENUES FINANCE TAX BASES FOREIGN CURRENCY CORPORATE TAX TAX LIABILITIES TAX POLICIES TAXES TAX TABLE TAX REFORMS INVESTMENT DECISIONS EXPENDITURE DOUBLE TAXATION TAX TABLE INTERNATIONAL STANDARDS INCOME TAXES INVESTORS MACROECONOMIC INSTABILITY VALUE ADDED TAXES TAX CREDIT GOOD TAX INCENTIVE TAX RATE CORPORATE TAX TRANSPARENCY TAX REVENUE INCOME TAXES COMPLIANCE COSTS TURNOVER TAX LAWS CORPORATE INCOME TAX RETURNS FIXED CAPITAL TAX REGIMES GOVERNMENT EXPENDITURE TAX CONCESSIONS GOVERNMENT REVENUE INPUT TAX EXPENDITURES INPUT TAX TAX EVASION CORPORATE TAXES TAX EXPENDITURE TAX‐BREAKS TAX RATES TAX COMPLIANCE VALUE ADDED TAX TAX EXPENDITURES TAX EXEMPTIONS TAX LIABILITY MARKET TAX RATE TAX REVENUE LEVY INSURANCE TAX LIABILITY TAXATION ECONOMIC DEVELOPMENT TAX LAW TAXABLE INCOME TAX CREDITS GOODS SECURITY TAX LAWS LAND TAX INVESTMENT STOCK EXCHANGE FEDERAL TAX INDIRECT TAXATION TURNOVER TAXES ADDED TAXES INVESTMENT CLIMATE TAX SYSTEM TAX SYSTEMS DIFFERENTIAL TAX TREATMENT INVESTMENT REQUIREMENTS TAX POLICY TAX‐REVENUE TAXPAYERS TAX ADMINISTRATION REVENUE TAX POLICY LEVIES PROFIT TAX BREAKS TAX DEDUCTIONS INVESTMENTS TAX TREATMENT DEDUCTIONS TAX REFORM TAX EXPENDITURES TAX PREFERENCES CAPITAL INVESTMENT PROFITS PUBLIC SPENDING LIABILITIES TAX RETURNS TAX REFORMS SMALL BUSINESSES TAX REGULATIONS TAX PREFERENCES INVESTING Reva, Anna Toward a More Business Friendly Tax Regime : Key Challenges in South Asia |
| geographic_facet |
South Asia South Asia |
| relation |
Policy Research Working Paper;No. 7513 |
| description |
This paper discusses
competitiveness-related issues surrounding the design and
administration of corporate and value added/sales taxes in
four South Asian countries -- Bangladesh, India, Pakistan,
and Sri Lanka. The paper is based largely on analysis of tax
legislation; in addition, data from the World Banks
enterprise surveys, the Doing Business report, as well as
industry studies are used for evidence on tax compliance
costs for business. The review of tax regulations in the
region shows several commonalities: (1) widespread use of
tax incentives to support selected industries, types of
firms, and industrial locations; (2) many exemptions from
value-added taxes as well as the practice of levying
multiple indirect taxes on the same base; and (3) high costs
of tax compliance for businesses. The paper discusses the
consequences of tax policies for the competitiveness of
South Asian producers, describes the main problems in tax
administration, and outlines key directions for reforms. |
| format |
Working Paper |
| author |
Reva, Anna |
| author_facet |
Reva, Anna |
| author_sort |
Reva, Anna |
| title |
Toward a More Business Friendly Tax Regime : Key Challenges in South Asia |
| title_short |
Toward a More Business Friendly Tax Regime : Key Challenges in South Asia |
| title_full |
Toward a More Business Friendly Tax Regime : Key Challenges in South Asia |
| title_fullStr |
Toward a More Business Friendly Tax Regime : Key Challenges in South Asia |
| title_full_unstemmed |
Toward a More Business Friendly Tax Regime : Key Challenges in South Asia |
| title_sort |
toward a more business friendly tax regime : key challenges in south asia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/12/25669891/toward-more-business-friendly-tax-regime-key-challenges-south-asia http://hdl.handle.net/10986/23477 |
| _version_ |
1764453952963739648 |