, the potential for productivity improvements there is limited. Fiscal policy will need to remain tight, as high public debt …, to a significant extent denominated in foreign currency, needs to be reduced and fiscal space rebuilt. However, there is … force participation, which would help counter adverse demographic trends, reduce the need for fiscal transfers and increase …

improving the equity of the fiscal system. As part of this effort, the report places the Peruvian tax system in an international …

The postponement of 2012 VAT Law implementation means that the higher tax revenues expected from the measure will be … delayed, and additional sources of revenue need to be considered. Model simulations suggest that implementation of the VAT Law … implemented in the short term, boosting revenue during the current fiscal year (FY2018). The other tax policy measures could be …

Postponement of 2012 VAT Law requires significant early adjustments in the FY18 Budget to tap additional sources of … revenue and expenditure saving to increase fiscal space. Automation, process simplification, and dispute resolution may bring …

beyond current fiscal capacity. In this context, Guinea is seeking to efficiently raise additional domestic revenues and …-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 …

2020, of which value-added tax (VAT) exemptions alone accounted for 2.5 percentage points. High levels of tax noncompliance …-financed fiscal stimulus will have deeply negative repercussions. Tax reform is subject to a variety of political, economic, and … administrative challenges that must be addressed as part of a broader fiscal strategy that provides predictability to the private …

-related diseases, andmobilize additional domestic resources to expand the fiscal capacity of the government, inaccordance with the …

The World Bank's Nepal Fiscal Federalism Update (NFFU) aims to report annually on the progress of fiscal federalism in … Nepal and identify implementation gaps. This second update reviews the progress on fiscal federalism since the publication …

Coronavirus (COVID-19). The cash shortages have made headlines and prompted the CBL to provide explanations. Fiscal space can be …