Managing Tax Incentives in Developing Countries

Miguel Pecho, Stoyan Markov, Philip Wood, Rachel Auclair and Fernando Velayos

No 2024/007, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: This technical note sets out the essential elements to effectively manage tax incentives in developing countries, emphasizing the important role that revenue authorities must play in preventing abuses and revenue leakages. The note presents considerations for a risk-based compliance program on tax incentives that combines various supportive, preventative, and corrective practices and approaches. It also delineates key enablers, such as a whole-of-government approach, robust transparency and accountability practices, and a modern compliance risk management framework.

Keywords: Tax incentive risks; revenue authorities; whole-of-government approach; governance; transparency and accountability; policy design and legislation; compliance risk management; risk differentiation framework; managing tax incentives; due diligence; Policy design; views ofthe IMF; reporting obligation; Customs authorities; Tax incentives; Semi-autonomous revenue bodies; Special economic zones; Global (search for similar items in EconPapers)
Pages: 30
Date: 2024-11-21
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