World Bank2013-03-122013-03-122010-12https://hdl.handle.net/10986/12652The 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.en-USCC BY 3.0 IGOACCOUNTINGADVANCED ECONOMIESALCOHOLIC BEVERAGESARBITRAGEARREARSBENEFICIARIESBONDBUDGET POLICYBUSINESS INVESTMENTCAPITAL ACCUMULATIONCAPITAL FLIGHTCAPITAL GAINSCAPITAL GAINS TAXCAPITAL LOSSESCAPITAL MOBILITYCAPITAL STOCKCAPITALIZATIONCENTRAL BANKCENTRAL GOVERNMENTCHECKSCOMPANY TAXCONSUMPTION TAXCONSUMPTION TAXESCOST OF CAPITALCREDIT CARDCREDIT CARDSCURRENT ACCOUNT DEFICITCUSTOMS UNIONDEBTDEBT FINANCINGDEBTSDEDUCTIONSDEFERRED TAXDEPOSITSDEVELOPING COUNTRIESDIVIDENDDIVIDEND TAXDIVIDENDSDOUBLE TAXATIONDUMMY VARIABLEDURABLESECONOMIC STRUCTURESEMERGING ECONOMIESENVIRONMENTAL EXTERNALITIESEQUIPMENTEXCISE TAXESEXPENDITUREEXPORTEXPORT TAXESEXPORTEREXPORTERSEXPORTSFEDERAL COUNTRIESFINANCESFINANCIAL ASSETSFINANCIAL CRISISFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL STATEMENTSFINANCIAL SYSTEMFINANCIAL TRANSACTIONSFISCAL CONSOLIDATIONFISCAL POLICYFOREIGN FIRMSFOREIGN INVESTORSFRAUDGOVERNMENT EXPENDITURESGOVERNMENT FINANCEGOVERNMENT POLICIESGOVERNMENT REVENUESGROWTH RATEHARMONIZATIONHUMAN CAPITALINCOME INEQUALITYINCOME TAXINCOME TAXESINCOMESINFLATIONINFLATION RATEINPUT TAXINSTRUMENTINSURANCEINSURANCE COMPANIESINTEREST INCOMEINTERMEDIATIONINTERNAL CONTROLINTERNAL CONTROLSINVESTINGINVESTMENT DECISIONSINVESTMENT FINANCINGINVESTMENT OPPORTUNITYINVESTMENT TAX CREDITSLEVIESLEVYLOANLOAN REPAYMENTSLOCAL GOVERNMENTSLOSS OF REVENUESMACROECONOMIC VARIABLESMARGINAL TAX RATESMARKET PRICESMEDIUM TERM FISCAL FRAMEWORKMINIMUM INCOME TAXMINISTRY OF FINANCEMINISTRY OF HEALTHMONETARY FUNDMONOPOLYOPEN ECONOMIESOPPORTUNITY COSTPAYMENT SYSTEMPERSONAL INCOMEPERSONAL INCOME TAXPOLICY DECISIONSPOLICY MAKERSPOLICY REFORMPOLICY STATEMENTPOLL TAXPOLLUTIONPUBLIC ECONOMICSPUBLIC EMPLOYEESRATES OF RETURNREAL ESTATEREDISTRIBUTIONRENTSREPAYMENTSREVENUE AUTHORITYREVENUE INCREASEREVENUE NEEDSREVENUE PERFORMANCEREVENUE POOLREVENUE YIELDROYALTIESSALE OF GOODSSALES TAXSALES TAXESSAVINGSSETTLEMENTSTATUTORY TAXSTATUTORY TAX RATESTATUTORY TAX RATESSUBNATIONALSUBNATIONAL GOVERNMENTSSURTAXTAXTAX ADMINISTRATIONTAX AUDITSTAX AUTHORITIESTAX AVOIDANCETAX BASETAX BASESTAX BENEFITSTAX BURDENTAX COLLECTIONTAX COLLECTIONSTAX COMPLIANCETAX CREDITTAX DEBTTAX DEBTSTAX EFFORTTAX EVASIONTAX EXPENDITURESTAX FORMSTAX FREETAX INCENTIVESTAX NEUTRALITYTAX ON BUSINESSTAX ON CAPITAL GAINSTAX ON CONSUMPTIONTAX POLICYTAX PURPOSESTAX RATETAX RATESTAX REFORMTAX REGIMETAX RETURNTAX RETURNSTAX REVENUETAX REVENUESTAX STRUCTURETAX STRUCTURESTAX SYSTEMTAX TREATMENTTAXABLE INCOMETAXATION OF CONSUMPTIONTAXES ON CONSUMPTIONTAXES ON PROPERTYTAXPAYERTAXPAYERSTELECOMMUNICATIONSTELEPHONE SERVICESTOTAL DEBTTRADE LIBERALIZATIONTRADINGTRANSACTIONTRANSFER PRICINGTRANSPARENCYTREASURIESTREASURYTURNOVERTURNOVER TAXESVALUATIONVALUE ADDED TAXWHOLESALE SALES TAXWITHHOLDING TAXWorld Bank10.1596/12652