Guinea Bissau: Further Improvements in Tax Compliance

This summary provides an overview of the guidance provided to the Guinea-Bissau tax administration on the consolidation of its modernization agenda, underpinned by the tax administration´s digital transformation. Starting amid the COVID-19 pandemic, the digitalization journey has
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Volume/Issue: Volume 2024 Issue 015
Publication date: May 2024
ISBN: 9798400272684
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Money and Monetary Policy , Taxation - General , International - Economics , next step , third-party data , FAD mission , capacity development mission team , penalty regime , Tax return filing compliance , Tax administration core functions , Value-added tax , Taxpayer services , Tax law

Summary

This summary provides an overview of the guidance provided to the Guinea-Bissau tax administration on the consolidation of its modernization agenda, underpinned by the tax administration´s digital transformation. Starting amid the COVID-19 pandemic, the digitalization journey has progressively improved taxpayer services with FAD guidance. The tax administration reform´s next steps should focus on the use of information technology and third-party data to enhance timely voluntary tax compliance, enforce accurate reporting, and incentivize and monitor revenue mobilization. The TA report also reviewed the next steps to the Value-Added Tax implementation.