Technical Notes and Manuals

Managing Tax Incentives in Developing Countries

By Miguel Pecho, Stoyan E Markov, Philip R Wood, Rachel Auclair, Fernando Velayos

November 21, 2024

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Miguel Pecho, Stoyan E Markov, Philip R Wood, Rachel Auclair, and Fernando Velayos. "Managing Tax Incentives in Developing Countries", Technical Notes and Manuals 2024, 007 (2024), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9798400289590.005

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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 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.

Subject: Revenue administration, Semi-autonomous revenue bodies, Tax incentives, Taxes

Keywords: Customs administration, Duty and tax exemptions, Reliefs, Revenue authorities, Semi-autonomous revenue bodies, Tax administration, Tax incentives, Tax incentives

Publication Details

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