Publication: Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration
Date
2010-12
ISSN
Published
2010-12
Author(s)
World Bank
Abstract
The collapse of Southern African Customs
Union (SACU) revenue in 2009 has caused the Government to
consider enhancing new sources of revenue in earnest to
sustain its development policies. Existing plans that were
prepared more than 5 years ago to introduce the Value-Added
Tax (VAT) and create a new Revenue Authority (RA) focused on
improved compliance are therefore more relevant than ever.
This initial preparation provides ample room to rapidly
improve both the design of taxes and fees and tax
administration to ensure they are in line with both
Swaziland's unique policy context and sound economic
principles. These principles include: (i) policy and
administration harmonization with South Africa so that
investors view both countries as offering the same tax
benefits and to facilitate the seamless launch of the RA
with the benefit of the necessary support from (and partial
integration with) South Africa's operations; (ii) the
ability to implement reform rapidly given the fiscal
emergency; and (iii) the need for simple and resilient
policy and administrative designs that are able to cope
with limited administrative capacity and a history of
out-of-control spending.
Citation
“World Bank. 2010. Enhancing Non-SACU Revenue in Swaziland : Improving Tax Policy and Administration. © Washington, DC. http://openknowledge.worldbank.org/handle/10986/12652 License: CC BY 3.0 IGO.”