Report

Guinea - Opportunities for Enhanced Domestic Revenue Mobilization : Value-Added Tax and Excise Taxes

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collection.link.98
https://openknowledge.worldbank.org/handle/10986/2206
collection.name.98
Other Public Sector Study
dc.contributor.author
World Bank
dc.date.accessioned
2019-07-02T19:53:39Z
dc.date.available
2019-07-02T19:53:39Z
dc.date.issued
2019-05-01
dc.description.abstract
Revenue mobilization is a key constraint to economic development in the Republic of Guinea. The government’s five-year development plan (2016-2020) aims at fostering higher and more inclusive growth through public investments that require financing beyond current fiscal capacity. In this context, Guinea is seeking to efficiently raise additional domestic revenues and external investment financing. Development partners are supporting Guinea with technical assistance for revenue mobilization. The International Monetary Fund (IMF) and the European Union are supporting authorities with direct tax policy, non-tax revenue, and administration issues. The objective of this report is to shed light on indirect taxes, particularly value-added tax (VAT) and excise taxes. The report provides an overview of the main features of tax policy and administration in Guinea, followed by a more detailed analysis of VAT and excise taxes. The focus on indirect taxation is a result of both its significant revenue potential and coordination with other development partners. The analysis presented fills an important gap in the understanding of how Guinea can increase its tax revenues. On VAT, the study finds that addressing policy and administrative constraints can mobilize additional revenues while improving the business climate. On excise taxation, the study finds that existing excise rates are unevenly applied, with scope for raising rates in the future. To systematically address its revenue challenges across all tax types, Guinea should also consider development of a medium-term revenue strategy (MTRS). The report is structured as follows: in the first section, an overview of the evolution and composition of domestic revenues in Guinea is presented. In the second section, VAT is analyzed. The final section reviews excise tax policy and its implementation on international goods and domestic goods.
en
dc.identifier
http://documents.worldbank.org/curated/en/472021561614678154/Guinea-Opportunities-for-Enhanced-Domestic-Revenue-Mobilization-Value-Added-Tax-and-Excise-Taxes
dc.identifier.uri
http://hdl.handle.net/10986/32023
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
EXCISE TAX
dc.subject
REVENUE MOBILIZATION
dc.subject
TAX ADMINISTRATION
dc.subject
TAX POLICY
dc.subject
PUBLIC FINANCIAL MANAGEMENT
dc.subject
MINING TAX
dc.subject
VALUE ADDED TAX
dc.title
Guinea - Opportunities for Enhanced Domestic Revenue Mobilization
en
dc.title.subtitle
Value-Added Tax and Excise Taxes
en
dc.type
Report
en
okr.date.disclosure
2019-06-27
okr.doctype
Economic & Sector Work :: Other Public Sector Study
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/472021561614678154/Guinea-Opportunities-for-Enhanced-Domestic-Revenue-Mobilization-Value-Added-Tax-and-Excise-Taxes
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b086dea588_1_0
okr.identifier.internaldocumentum
31179691
okr.identifier.report
AUS0000704
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/472021561614678154/pdf/Guinea-Opportunities-for-Enhanced-Domestic-Revenue-Mobilization-Value-Added-Tax-and-Excise-Taxes.pdf
en
okr.region.administrative
Africa
okr.region.country
Guinea
okr.topic
Public Sector Development :: Tax Administration
okr.topic
Public Sector Development :: Public Financial Management
okr.topic
Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.unit
West Africa (GMTA2)

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