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Can Electronic Tax Invoicing Improve Tax Compliance?: A Case Study of the Republic of Korea's Electronic Tax Invoicing for Value-Added Tax

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dc.contributor.authorLee, Hyung Chul
dc.date.accessioned2016-03-10T16:46:09Z
dc.date.available2016-03-10T16:46:09Z
dc.date.issued2016-03
dc.description.abstractThis paper reviews the Republic of Korea's experience with electronic tax invoices for its value-added tax regime from the perspectives of tax policy makers and administrators. The paper evaluates Korea's implementation of electronic tax invoicing and analyzes its effect on tax compliance through enhanced transparency of business transactions and taxpayer services. First implemented in 2011, mandatory electronic tax invoicing has been credited with lowering tax compliance costs and raising the transparency of business transactions. Effective policy design and implementation have contributed to the country's success with electronic tax invoicing. Measured in transaction value, the electronic tax invoice adoption rate reached 99.8 percent in the first year and rose to 99.9 percent by 2013, compared with 15 percent before electronic tax invoicing became mandatory. According to a survey of taxpayers and tax practitioners in Korea that was conducted as part of this research study, 69.4 percent of the respondents agreed or strongly agreed that mandatory electronic tax invoicing has contributed to curbing value-added tax evasion by raising transaction transparency, and 72.9 percent agreed or strongly agreed that it has improved taxpayer service by facilitating the convenience of tax filing or automating the issuance of invoices. The review of Korea's experiences gives credence to the contention that well-planned and well-executed compulsory electronic tax invoices can materially enhance tax compliance through significant institutional and perceptual changes in tax administration.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/03/26031845/can-electronic-tax-invoicing-improve-tax-compliance-case-study-republic-koreas-electronic-tax-invoicing-value-added-tax
dc.identifier.doi10.1596/1813-9450-7592
dc.identifier.urihttps://hdl.handle.net/10986/23931
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7592
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectTAX INCENTIVES
dc.subjectEQUIPMENT
dc.subjectCUSTOMER
dc.subjectMATERIALS
dc.subjectTELECOMMUNICATION
dc.subjectSEARCH
dc.subjectE-COMMERCE
dc.subjectRESOURCE PLANNING
dc.subjectCOMMUNICATION NETWORK
dc.subjectPROGRESSIVE TAX
dc.subjectTAXPAYER COMPLIANCE
dc.subjectSALES TAX
dc.subjectSTANDARD FORMAT
dc.subjectIMAGE
dc.subjectLEGAL SOLUTION
dc.subjectTAX COMPLIANCE
dc.subjectTRANSMISSION
dc.subjectFRAUDS
dc.subjectPRICE
dc.subjectCREDIT CARD
dc.subjectTAX LEGISLATION
dc.subjectAUTHENTICATIONS
dc.subjectCORPORATE INCOME TAX
dc.subjectEXTENSIBLE MARKUP LANGUAGE
dc.subjectELECTRONIC MESSAGE
dc.subjectE-GOVERNMENT
dc.subjectCOMPUTER
dc.subjectOPEN ACCESS
dc.subjectB2C E-COMMERCE
dc.subjectDATA
dc.subjectBUSINESS PARTNERS
dc.subjectCOMMERCE
dc.subjectMESSAGE FORMATS
dc.subjectELECTRONIC BUSINESS
dc.subjectCORPORATE INCOME TAXES
dc.subjectCERTIFICATION AUTHORITIES
dc.subjectTAX REGULATIONS
dc.subjectBUYERS
dc.subjectCONSUMPTION TAX
dc.subjectSTANDARDIZATION
dc.subjectCREDIT CARD TRANSACTIONS
dc.subjectELECTRONIC PAYMENTS
dc.subjectBUSINESS REGISTRATION
dc.subjectBUSINESS SERVICE
dc.subjectLEGAL FRAMEWORK
dc.subjectELECTRONIC COMMERCE
dc.subjectDATA STORAGE
dc.subjectTAX OFFICES
dc.subjectIDENTIFICATION NUMBER
dc.subjectTRANSACTIONS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectREGULATORY FRAMEWORKS
dc.subjectTAX INCENTIVE
dc.subjectBUSINESS OPERATIONS
dc.subjectLEGACY SYSTEM
dc.subjectPROCUREMENT
dc.subjectGENERAL POPULATION
dc.subjectG2B
dc.subjectSOFTWARE
dc.subjectDELIVERY OF GOODS
dc.subjectMOBILE PHONE
dc.subjectCOMMERCIAL TRANSACTIONS
dc.subjectCREDIT CARD PURCHASES
dc.subjectINPUT TAX
dc.subjectPROTOCOLS
dc.subjectPRIVATE KEY
dc.subjectTAX EVASION
dc.subjectTAX RATES
dc.subjectTRADE FACILITATION
dc.subjectPRIVATE SECTOR
dc.subjectDATA INTEGRITY
dc.subjectELECTRONIC DATA
dc.subjectBACKBONE
dc.subjectTAX DEDUCTION
dc.subjectRESULT
dc.subjectTAXATION
dc.subjectDIGITAL SIGNATURES
dc.subjectICT
dc.subjectBUSINESS TRANSACTION
dc.subjectBUSINESS
dc.subjectBUSINESSES
dc.subjectREAL-TIME ACCESS
dc.subjectADDED TAXES
dc.subjectPERFORMANCE
dc.subjectPUBLIC ADMINISTRATION
dc.subjectTAXPAYERS
dc.subjectE-MONEY
dc.subjectTAX ADMINISTRATION
dc.subjectSOFTWARE SOLUTION
dc.subjectINSTITUTION
dc.subjectFINANCIAL SUPPORT
dc.subjectCOMMUNICATION
dc.subjectNEW TECHNOLOGY
dc.subjectTAX RETURN
dc.subjectCOMMUNICATION TECHNOLOGY
dc.subjectAPPLICATION SERVICE PROVIDERS
dc.subjectAUTHENTICATION
dc.subjectOUTSOURCING
dc.subjectSERVER
dc.subjectTELEPHONE BANKING
dc.subjectREGULATORY FRAMEWORK
dc.subjectDATA PROCESSING
dc.subjectCREDIT CARDS
dc.subjectELECTRONIC DOCUMENT
dc.subjectCERTIFICATION AUTHORITY
dc.subjectADDED TAX
dc.subjectELECTRONIC FORMATS
dc.subjectCERTIFICATE
dc.subjectE-PAYMENT
dc.subjectDATA CENTER
dc.subjectINFORMATION SYSTEM
dc.subjectTAX COMPLIANCE COSTS
dc.subjectBUYER
dc.subjectCAPABILITY
dc.subjectBUSINESS TRANSACTIONS
dc.subjectINFORMATION
dc.subjectELECTRONIC SIGNATURE
dc.subjectTAX COLLECTION
dc.subjectEXCLUSION
dc.subjectAPPLICATION SERVICE PROVIDER
dc.subjectBUSINESS TO CONSUMER
dc.subjectTAX
dc.subjectVERIFICATION
dc.subjectINCOME TAX
dc.subjectDATA PROCESSING SYSTEMS
dc.subjectINSTITUTIONS
dc.subjectPHONE NUMBER
dc.subjectBUSINESS TO BUSINESS
dc.subjectINSTANT ACCESS
dc.subjectVALUE ADDED TAX
dc.subjectCONTROL SYSTEM
dc.subjectAUTOMATION
dc.subjectSERVICE PROVIDER
dc.subjectTAX BASE
dc.subjectPAYMENT METHODS
dc.subjectTAX REVENUES
dc.subjectDATABASES
dc.subjectTELEPHONE
dc.subjectACCESS TO INFORMATION
dc.subjectTAXES
dc.subjectUSERS
dc.subjectPHONE
dc.subjectTECHNOLOGY
dc.subjectINCOME TAXES
dc.subjectPOINT OF SALE
dc.subjectTRANSACTION
dc.subjectRELIABILITY
dc.subjectPILOT TESTING
dc.subjectTAX CREDIT
dc.subjectFRAUD
dc.subjectTAX RATE
dc.subjectDIGITAL INFORMATION
dc.subjectRESULTS
dc.subjectTRANSFER PROTOCOLS
dc.subjectDIGITAL SIGNATURE
dc.subjectPOINT OF SALES
dc.subjectMARKUP LANGUAGE
dc.subjectBARCODE
dc.subjectACCESS CONTROLS
dc.subjectELECTRONIC FORM
dc.subjectELECTRONIC DOCUMENTS
dc.subjectTAX LIABILITY
dc.subjectMICRO BUSINESSES
dc.subjectINTERNATIONAL TELECOMMUNICATION
dc.subjectSALES TRANSACTIONS
dc.subjectWEB PORTAL
dc.subjectTAX AVOIDANCE
dc.subjectTAX REVENUE
dc.subjectADMINISTRATION
dc.subjectELECTRONIC SIGNATURES
dc.subjectPERSONAL INCOME TAX
dc.subjectTAX ACCOUNTING
dc.subjectTAX CREDITS
dc.subjectMARKET SHARE
dc.subjectSECURITY
dc.subjectB2C
dc.subjectB2B
dc.subjectNETWORK
dc.subjectTAX SYSTEM
dc.subjectSIGNATURE CERTIFICATION
dc.subjectGOVERNMENT SERVICE
dc.subjectIMPLEMENTATION PROCESS
dc.subjectCERTIFICATES
dc.subjectLEVIES
dc.subjectTAX POLICY
dc.subjectTAX REFORM
dc.subjectCUSTOMERS
dc.subjectLEGACY SYSTEMS
dc.subjectELECTRONIC FORMAT
dc.subjectENTERPRISE RESOURCE PLANNING
dc.subjectTECHNOLOGIES
dc.subjectMULTIMEDIA
dc.subjectTAX RETURNS
dc.subjectTARGET
dc.subjectFINANCIAL OPERATIONS
dc.subjectSERVICE PROVIDERS
dc.titleCan Electronic Tax Invoicing Improve Tax Compliance?en
dc.title.subtitleA Case Study of the Republic of Korea's Electronic Tax Invoicing for Value-Added Taxen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleCan Electronic Tax Invoicing Improve Tax Compliance? A Case Study of the Republic of Korea's Electronic Tax Invoicing for Value-Added Tax
okr.date.disclosure2016-03-07
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/03/26031845/can-electronic-tax-invoicing-improve-tax-compliance-case-study-republic-koreas-electronic-tax-invoicing-value-added-tax
okr.guid712881467994710005
okr.identifier.doi10.1596/1813-9450-7592
okr.identifier.doihttps://doi.org/10.1596/1813-9450-7592
okr.identifier.externaldocumentum090224b0841de7c0_1_0
okr.identifier.internaldocumentum26031845
okr.identifier.reportWPS7592
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/03/07/090224b0841de7c0/1_0/Rendered/PDF/Can0electronic00for0value0added0tax.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryKorea, Republic of
okr.topicGovernance::E-Government
okr.topicLaw and Development::Tax Law
okr.topicPrivate Sector Development::E-Business
okr.unitEquitable Growth, Finance and Institutions Global Practice Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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