Recommendations and Best Practices on Taxation of SMEs in Latin America

This presentation explores the economic, institutional and technological contexts in which micro, small and medium enterprises (SMEs) are called upon to operate and the fiscal treatment issues public authorities should take into account. It also focuses on the basic features of the tax systems imposed on their operations. Further on, it explains concrete strategies aimed at facilitating SMEs' compliance with their tax obligations since their very start-up. Special emphasis is placed on simplifying formalities and procedures and, in the major taxation principles arena, on the need to advocate for the principles of general application of taxes and simplicity.