Bangladesh - Revenue Mobilization Program for Results: VAT Improvement Program Technical Assessment

This operation will support the VAT Improvement Program to assist the National Board of Revenue (NBR) in streamlining and modernizing Value Added Tax (VAT) operations and establishing an integrated VAT Management System for the purposes of implemen...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNT MANAGEMENT ACCOUNTANT ACCOUNTING ACTION PLAN ADMINISTRATIVE COSTS ADMINISTRATIVE PROCESSES ADMINISTRATIVE SYSTEM ADMINISTRATIVE SYSTEMS ADVERTISEMENTS APPLICATION SOFTWARE ARREARS AUTHENTICATION AUTOMATION BID BROWSER BUSINESS ASSOCIATIONS BUSINESS INDICATORS BUSINESS PROCESS BUSINESS PROCESSES BUSINESS REQUIREMENTS BUSINESS TRANSFORMATION BUSINESSES CADRE SYSTEM CAPABILITIES CAPACITY BUILDING CAPACITY CONSTRAINTS CHECKS CLIENT BASE COMMUNICATION STRATEGY COMPLIANCE COST COMPLIANCE COSTS COMPUTER SYSTEM COMPUTER TERMINAL CONNECTIVITY CORE BUSINESS CREDIT FACILITY CURRENT LAW CUSTOMS DATA CENTER DATA CENTERS DATA NETWORK DATA WAREHOUSE DEBT DEBT MANAGEMENT DEPOSIT DEVELOPING COUNTRIES DEVELOPMENT BANK DISBURSEMENT DISPUTE RESOLUTION DISTRIBUTION OF INCOME E-GOVERNANCE E-MAIL E-PAYMENT E-PAYMENT GATEWAY E-SERVICE E-SERVICES ECONOMIC ACTIVITY ECONOMIC EFFICIENCY ELECTRONIC REGISTRATION ELECTRONIC SERVICES ENFORCEMENT PROCEDURES ENFORCEMENT PROCESS EQUIPMENT ESTIMATED TAX ETHICAL BEHAVIORS EXCHANGE OF INFORMATION EXCISE TAX EXPENDITURES EXPORT EXPORTERS EXPORTS FINANCIAL MANAGEMENT FINANCIAL SUSTAINABILITY FISCAL POLICY FRAUD GOOD GOVERNANCE GOVERNMENT FINANCING GOVERNMENT REVENUE GOVERNMENT REVENUES HARDWARE HARMONIZATION HUMAN RESOURCE HUMAN RESOURCES ICT ID IDENTIFICATION NUMBER IMPLEMENTATION PLAN IMPLEMENTING AGENCIES IMPLEMENTING AGENCY INCOME INCOME TAX INFORMATION SYSTEMS INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INPUT TAX INTERFACE INTERFACES INTERNATIONAL CONSULTANTS INTERNATIONAL STANDARDS INVESTMENT CLIMATE IT INFRASTRUCTURE JOINT STOCK COMPANIES JURISDICTIONS LEGAL BASIS LEGAL DRAFTING LICENSE LOW-INCOME COUNTRIES MANAGEMENT SYSTEM MANUFACTURING MONETARY FUND NATIONAL DEVELOPMENT NEW TECHNOLOGY OPERATIONAL FUNCTIONS OUTPUTS OUTSOURCING PAYMENT OF TAX PAYMENT OF TAXES PAYMENT PROCESSING PHYSICAL INFRASTRUCTURE PRIVATE SECTOR PROCUREMENT PROCUREMENT PROCESS PROCUREMENT PROCESSES PROCUREMENTS PRODUCTIVITY PROJECT MANAGEMENT PROTOCOLS QUERIES RECURRENT EXPENDITURES REFORM PROGRAM REGISTRATION APPLICATION REGISTRATION APPLICATIONS REGISTRATION OF BUSINESSES REGISTRATION PROCESS REGISTRATION SYSTEM REGISTRY RELIABILITY RESULT RESULTS RISK MANAGEMENT RISK PROFILES ROUTERS RULE OF LAW SERVERS SILOS SINGLE TAXES SITES SOFTWARE APPLICATIONS SOFTWARE SOLUTION SOFTWARE SYSTEMS SUPERVISION TARGETS TAX ADMINISTRATION TAX AUDIT TAX AUDITS TAX AVOIDANCE TAX BASE TAX BASES TAX CODE TAX COLLECTION TAX CREDITS TAX DEDUCTIONS TAX EVASION TAX EXPENDITURE TAX FORMS TAX LAW TAX LIABILITIES TAX LIABILITY TAX OFFICES TAX PAYER TAX PAYERS TAX POLICY TAX RECEIPTS TAX REFORM TAX REFUNDS TAX RETURN TAX RETURNS TAX REVENUE TAX REVENUES TAX STRUCTURE TAX SYSTEM TAX SYSTEMS TAX TREATMENT TAX-PAYERS TAXATION TAXPAYER TAXPAYER COMPLIANCE TAXPAYER SERVICE TAXPAYER SERVICES TAXPAYERS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TECHNICAL TRAINING TELEPHONE TIME FRAME TIMELY PAYMENT TRADING TRAINING MANUAL TRANSACTION TRANSPARENCY TREASURY TURNOVER TURNOVER TAX USER USER INTERFACE USERS USES VALUE ADDED TAX VERIFICATION WEB WITHHOLDING TAX WORKSTATIONS WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2014/01/19795263/revenue-mobilization-program-results-vat-improvement-program-technical-assessment http://hdl.handle.net/10986/20075

Description
Summary:	This operation will support the VAT Improvement Program to assist the National Board of Revenue (NBR) in streamlining and modernizing Value Added Tax (VAT) operations and establishing an integrated VAT Management System for the purposes of implementing the new regime. The primary focus of the program is to prepare the administration to be able to administer the new VAT, which is to be introduced in July 2015. The new VAT Act, 2012 provides for a modern VAT scheme based on few exemptions and self-assessment. The Act provides the legal basis for the new VAT administration, and the impetus for a shift from manual to automated and modernized core tax business processing. The program is part of the government s broader tax reform agenda as articulated in the Tax Modernization Plan 2011-16 (endorsed by Parliament in June 2011), which envisages policy and institutional reform alongside a program for automating NBR operations to improve services to taxpayers, reduce administrative costs for taxpayers, and improve compliance. The VAT improvement program aims to widen the tax base by enhancing voluntary compliance, and reducing non-compliance. The ultimate goals are to increase VAT revenues and enhance the transparency of the VAT administration in Bangladesh in order to achieve its medium-term revenue target of a tax-to GDP-ratio of 12.2 percent by FY 2016; and to enhance the VAT compliance. Towards this objective, the program will also address those structural weaknesses embedded in the tax system that result in skewed tax bases and provide wide opportunities for evasion and corruption. Importantly, the VAT improvement program will support the strategic reform agenda, also supported by the IMF s Extended Credit Facility to enable NBR to fully implement the new VAT law.

Bangladesh - Revenue Mobilization Program for Results: VAT Improvement Program Technical Assessment

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