Reforming the Individual Direct Taxation System of North Cyprus

Glenn Jenkins (jenkins@econ.queensu.ca), Amin Sokhanvar (sokhanvar@urfu.ru) and Hasan Ulaş Altıok (hasan.altiok@emu.edu.tr)
Additional contact information
Amin Sokhanvar: Graduate School of Economics and Management, Ural Federal University, Yekaterinburg, Russia
Hasan Ulaş Altıok: Department of Banking and Finance Eastern Mediterranean University, North Cyprus

No 2021-08, Development Discussion Papers from JDI Executive Programs

Abstract: The need to restructure the taxation system of the TRNC arise from the unsustainable public sector deficit, inequalities in the tax incidence, and the dependency of fiscal support from Turkey. This paper investigates the changes that need to be made to its individual directs tax in order to have a more sustainable structure of government finances. The tax reform measures proposed, developed, and analysed in this paper indicates that it is possible to create a simpler, more equitable, revenue-productivity direct tax system while improving the incentives for enhanced taxpayer compliance.

Keywords: pension funds; personal income tax; tax incidence; tax compliance; fiscal equity (search for similar items in EconPapers)
JEL-codes: H24 H26 (search for similar items in EconPapers)
Pages: 29 Pages
Date: 2021-05-11
New Economics Papers: this item is included in nep-age and nep-pbe
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