Small Business Tax Regimes

Simplified tax regimes for micro and small enterprises in developing countries are intended to facilitate voluntary tax compliance. However, survey evidence suggests that small business taxation based on simplified bookkeeping or turnover is someti...

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Main Authors:	Coolidge, Jacqueline, Yilmaz, Fatih
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	RESOURCES TURNOVER TAX TAX RESEARCH TRANSACTION LIABILITY BUSINESS EXPENSES GOOD ACCOUNTING PROFIT MARGINS ADDED TAX EXPENSES INTERNATIONAL TRADE SMALL ENTERPRISES TAX BURDENS COMPLIANCE COSTS TURNOVER TAX COMPLIANCE COSTS SALES INCOME RETURNS TAX REGIMES DEVELOPING COUNTRIES TRANSITION COUNTRIES INCOMES TAX SIMPLIFICATION TAX COMPLIANCE TAX RATES DISTRIBUTION COST TAX LIABILITY MARKET TAX FIXED RATES INCOME TAX BENEFICIARIES REPORTING BANK ACCOUNTS ADMINISTRATION RISK FACTORS AUDITS ENFORCEMENT TAXPAYER BOOKKEEPING TAXATION CENTRAL BANK SINGLE TAXES TRADE SMALL BUSINESS COMMUNICATIONS INTERNATIONAL FINANCE TAX ACCOUNTING PUBLIC POLICY BUSINESS INVESTMENT TAX AUDITS TAX SYSTEM POVERTY FINANCE CORPORATION TAXPAYERS TAX REGIME BUSINESS TAX TAX ADMINISTRATION OPTIONS REVENUE TAX POLICY PROFIT ACCOUNTING RULES ACCOUNTS CRITERIA TAX BASE AUDIT TAX RETURNS COMPLIANCE COST SMALL BUSINESSES ACCOUNT FINANCE TAXES COMPETITION MICROENTERPRISES
Online Access:	http://documents.worldbank.org/curated/en/2016/04/26159239/small-business-tax-regimes http://hdl.handle.net/10986/24250

id	okr-10986-24250
recordtype	oai_dc
spelling	okr-10986-242502021-05-25T10:54:36Z Small Business Tax Regimes Coolidge, Jacqueline Yilmaz, Fatih RESOURCES TURNOVER TAX TAX RESEARCH TRANSACTION LIABILITY BUSINESS EXPENSES GOOD ACCOUNTING PROFIT MARGINS ADDED TAX EXPENSES INTERNATIONAL TRADE SMALL ENTERPRISES TAX BURDENS COMPLIANCE COSTS TURNOVER TAX COMPLIANCE COSTS SALES INCOME RETURNS TAX REGIMES DEVELOPING COUNTRIES TRANSITION COUNTRIES INCOMES TAX SIMPLIFICATION TAX COMPLIANCE TAX RATES DISTRIBUTION COST TAX LIABILITY MARKET TAX FIXED RATES INCOME TAX BENEFICIARIES REPORTING BANK ACCOUNTS ADMINISTRATION RISK FACTORS AUDITS ENFORCEMENT TAXPAYER BOOKKEEPING TAXATION CENTRAL BANK SINGLE TAXES TRADE SMALL BUSINESS COMMUNICATIONS INTERNATIONAL FINANCE TAX ACCOUNTING PUBLIC POLICY BUSINESS INVESTMENT TAX AUDITS TAX SYSTEM POVERTY FINANCE CORPORATION TAXPAYERS TAX REGIME BUSINESS TAX TAX ADMINISTRATION OPTIONS REVENUE TAX POLICY PROFIT ACCOUNTING RULES ACCOUNTS CRITERIA TAX BASE AUDIT TAX RETURNS COMPLIANCE COST SMALL BUSINESSES ACCOUNT FINANCE TAXES COMPETITION MICROENTERPRISES Simplified tax regimes for micro and small enterprises in developing countries are intended to facilitate voluntary tax compliance. However, survey evidence suggests that small business taxation based on simplified bookkeeping or turnover is sometimes perceived as too complex for microenterprises in countries with high illiteracy levels. Very simple fixed tax regimes not requiring any books or records tend to be overly popular but prone to abuse. System reforms will require more precise tailoring of the simplified regimes to their target beneficiaries, coupled with strong compliance management to detect and deter abuse. The overall objective of simplified taxation for micro and small enterprises (MSEs) in developing countries is generally to facilitate voluntary tax compliance and remove obstacles in moving toward business formalization and growth. 2016-05-06T19:00:33Z 2016-05-06T19:00:33Z 2016-02 Brief http://documents.worldbank.org/curated/en/2016/04/26159239/small-business-tax-regimes http://hdl.handle.net/10986/24250 English en_US Viewpoint;No. 349 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief
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	RESOURCES TURNOVER TAX TAX RESEARCH TRANSACTION LIABILITY BUSINESS EXPENSES GOOD ACCOUNTING PROFIT MARGINS ADDED TAX EXPENSES INTERNATIONAL TRADE SMALL ENTERPRISES TAX BURDENS COMPLIANCE COSTS TURNOVER TAX COMPLIANCE COSTS SALES INCOME RETURNS TAX REGIMES DEVELOPING COUNTRIES TRANSITION COUNTRIES INCOMES TAX SIMPLIFICATION TAX COMPLIANCE TAX RATES DISTRIBUTION COST TAX LIABILITY MARKET TAX FIXED RATES INCOME TAX BENEFICIARIES REPORTING BANK ACCOUNTS ADMINISTRATION RISK FACTORS AUDITS ENFORCEMENT TAXPAYER BOOKKEEPING TAXATION CENTRAL BANK SINGLE TAXES TRADE SMALL BUSINESS COMMUNICATIONS INTERNATIONAL FINANCE TAX ACCOUNTING PUBLIC POLICY BUSINESS INVESTMENT TAX AUDITS TAX SYSTEM POVERTY FINANCE CORPORATION TAXPAYERS TAX REGIME BUSINESS TAX TAX ADMINISTRATION OPTIONS REVENUE TAX POLICY PROFIT ACCOUNTING RULES ACCOUNTS CRITERIA TAX BASE AUDIT TAX RETURNS COMPLIANCE COST SMALL BUSINESSES ACCOUNT FINANCE TAXES COMPETITION MICROENTERPRISES
spellingShingle	RESOURCES TURNOVER TAX TAX RESEARCH TRANSACTION LIABILITY BUSINESS EXPENSES GOOD ACCOUNTING PROFIT MARGINS ADDED TAX EXPENSES INTERNATIONAL TRADE SMALL ENTERPRISES TAX BURDENS COMPLIANCE COSTS TURNOVER TAX COMPLIANCE COSTS SALES INCOME RETURNS TAX REGIMES DEVELOPING COUNTRIES TRANSITION COUNTRIES INCOMES TAX SIMPLIFICATION TAX COMPLIANCE TAX RATES DISTRIBUTION COST TAX LIABILITY MARKET TAX FIXED RATES INCOME TAX BENEFICIARIES REPORTING BANK ACCOUNTS ADMINISTRATION RISK FACTORS AUDITS ENFORCEMENT TAXPAYER BOOKKEEPING TAXATION CENTRAL BANK SINGLE TAXES TRADE SMALL BUSINESS COMMUNICATIONS INTERNATIONAL FINANCE TAX ACCOUNTING PUBLIC POLICY BUSINESS INVESTMENT TAX AUDITS TAX SYSTEM POVERTY FINANCE CORPORATION TAXPAYERS TAX REGIME BUSINESS TAX TAX ADMINISTRATION OPTIONS REVENUE TAX POLICY PROFIT ACCOUNTING RULES ACCOUNTS CRITERIA TAX BASE AUDIT TAX RETURNS COMPLIANCE COST SMALL BUSINESSES ACCOUNT FINANCE TAXES COMPETITION MICROENTERPRISES Coolidge, Jacqueline Yilmaz, Fatih Small Business Tax Regimes
relation	Viewpoint;No. 349
description	Simplified tax regimes for micro and small enterprises in developing countries are intended to facilitate voluntary tax compliance. However, survey evidence suggests that small business taxation based on simplified bookkeeping or turnover is sometimes perceived as too complex for microenterprises in countries with high illiteracy levels. Very simple fixed tax regimes not requiring any books or records tend to be overly popular but prone to abuse. System reforms will require more precise tailoring of the simplified regimes to their target beneficiaries, coupled with strong compliance management to detect and deter abuse. The overall objective of simplified taxation for micro and small enterprises (MSEs) in developing countries is generally to facilitate voluntary tax compliance and remove obstacles in moving toward business formalization and growth.
format	Brief
author	Coolidge, Jacqueline Yilmaz, Fatih
author_facet	Coolidge, Jacqueline Yilmaz, Fatih
author_sort	Coolidge, Jacqueline
title	Small Business Tax Regimes
title_short	Small Business Tax Regimes
title_full	Small Business Tax Regimes
title_fullStr	Small Business Tax Regimes
title_full_unstemmed	Small Business Tax Regimes
title_sort	small business tax regimes
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/04/26159239/small-business-tax-regimes http://hdl.handle.net/10986/24250
_version_	1764456235459936256

Small Business Tax Regimes

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