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Palestinian Territories : Impact of Fiscal and Economic Policies - Estimation of VAT Tax Gap (Inglês)

The relatively low level of tax revenues is a key policy issue facing Palestinian policymakers. The general government revenues to GDP ratio in the West Bank and Gaza is significantly below the world average, the Middle East and North Africa (MENA) average, and the average of emerging and developing countries in Europe. Further to the request by the Minister of Finance, the World Bank team launched an assessment of several aspects of tax policy in the West Bank and Gaza. This analytical piece was going to have three parts: a microsimulation model for income tax on wages, another microsimulation model for income tax on profits, and the VAT GAP model. While this report covers the third component, the other two are dependent on a level of systematization of data which currently does not exit. Manual entry of data into the Revenue Management System (RMS) is generating a lot of missing observations. While this could have been overcome with follow up appropriate sampling of the physical tax records and manual collection of data, the restrictions on movement due to the Covid-19 pandemic prevented such work. The remainder of this report is organized as follows. The following section will describe the methodology for estimation of a VAT tax gap. Section three will describe the data sources used for the construction of VAT GAP model for the West Bank and the modifications that were necessary to estimate the VAT tax gap. The final section will present the results.

Detalhes

  • Data do documento

    2020/06/24

  • TIpo de documento

    Report

  • No. do relatório

    AUS0001641

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Cisjordânia e Gaza,

  • Região

    Oriente Médio e Norte da África,

  • Data de divulgação

    2020/06/25

  • Disclosure Status

    Disclosed

  • Nome do documento

    Palestinian Territories : Impact of Fiscal and Economic Policies - Estimation of VAT Tax Gap

  • Palavras-chave

    tax gap; income tax on profits; input tax credit; collection of tax revenue; agriculture and forestry; amount of tax revenue; tax loss carry forward; share of tax revenue; results-based management; revenue management system; information and communication; effective tax rate; supply use; fruit and vegetable; risk management strategy; exchange of information; repair and maintenance; point of entry; domestic consumption tax; value added tax; filing of tax; post clearance audit; risk management system; income tax obligations; domestic tax revenue; fees and charge; personal income tax; subject to taxation; final consumption good; Public Financial Management; progressive income tax; Tax Administration; exempt supplies; special treatment; retail trade; Food Services; water collection; insurance activity; simulation model; lower rate; tax policy; government revenue; sectoral breakdown; domestic production; tax due; tax type; Property tax; commodity rate; tax authority; tax authorities; excise tax; gross income; construction sector; export commodity; expenditure gap; appropriate treatment; fiscal risk; data transformation; registered business; Education Services; tax collection; Health Service; national account; government consumption; expenditure estimation; public budget; tax measure; tax official; domestic revenue; revenue administration; benchmark scenario; fiscal impact; additional revenue; capital input; core principle; commodity tax; basic price; customs union; law applicable; tax avoidance; electronic exchange; policy requirement; business input; annual revenue; domestic supply; tax levy; trading partner; trade datum; clearance procedure; customs official; bilateral trade; model result; summing up; consumption growth; legal action; goods trade; trade flow; production side; consumption side; fish commodity; tax law; agricultural good; Tax Exemption; tax instrument; diagnostic assessment; tax base; meat processing; tax records; professional institution; tour guide; financial statement; tax return; tax filing; tax year; natural person; tax administrator; accrual basis; tax system; Economic Policy; tax from october

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