Voluntary Disclosure Programs — Design, Principles, and Implementation Considerations
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Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary:
This note explores the conditions, design elements, and implementation considerations of a successful voluntary disclosure program (VDP), including its compliance with anti–money laundering/combating the financing of terrorism (AML/CFT) international standards. The note emphasizes that such a program must be offered in the context of a considerably strengthened and credible enforcement capacity—one that is explicitly publicized to taxpayers—to avoid undermining tax morale.
Series:
Technical Notes and Manuals No. 2022/002
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Crime Expenditure External position Flat tax Foreign assets Revenue administration Tax administration core functions Tax evasion Taxes
Frequency:
occasional
English
Publication Date:
April 6, 2022
ISBN/ISSN:
9798400206184/2075-8669
Stock No:
TNMEA2022002
Format:
Paper
Pages:
38
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