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REVENUE ADMINISTRATION DIVISION
Vision
Create a conducive and sustainable policy environment for revenue collection optimisation.
Mission
To enhance efficient revenue collection in a just manner.
Strategic Goals
- Persuasion of prudent private-sector friendly revenue policy
- Realisation of increased tax and montax revenues
- Institutionalising revenue information sharing
Objectives
- Develop and sustain a prudent revenue policy, which is efficient, effective, fair and just.
- Generate more and more revenue surplus (over regular spending) for economic development.
- Create a private-sector friendly environment for tax compliance.
- Support the economic development process through appropriate policy on customs duties.
- Harmonise different tax instruments.
- Enhance investment from the private sector.
Strategies
- Create and collate an integrated revenue database.
- Ensure public-private partnership in the formulation and implementation of revenue policies.
- Ensure professionalism and integrity in revenue administration.
- Coordinate and monitor the functioning of revenue departments.
- Analyse trends and issues on government revenues.
Policies
- Broaden the tax base, especially in the areas of income tax and value added tax.
- >Keep tax rates competitive in comparison to other neighbouring countries.
- Formulate and implement a policy on customs duties conducive to economic development and foreign trade, and WTO friendly, too.
- Strengthen the consultation process with the private sector on revenue policy matters through the Revenue Consultative Committee.
- Practice an effective monitoring mechanism through Central Monitoring Unit for the control of tax evasion and corruption.
Programmes
- Integrate information system and central database.
- Strengthen of CMU
- Strengthen of Revenue Consultative Committee, or alternately develop the concept of Revenue Board.
- Undertake constant and continuous monitoring and analysis of the revenue situation-collections, problems, effects of external factors, effectiveness of the revenue administration in the execution of revenue policy.
- Adopt corrective transitional actions to cope with the immediate, real-life problems.
- Collect public opinions on the problems related with revenue policy and its administration.
- Prepare and implement annual revenue proposals, estimates and related procedural and legal aspects.
Performance Indicators
- Broadened tax base [(a) Number of taxpayers; (b) Number of areas covered.]
- Reduced grievances
- Achieved targets in revenue collection-achieve total revenue collection (tax and non-tax) up to 13% of GDP in next three years.
- Increased cost effectiveness.
- Reduced legal disputes
- Improved database-regular management reports on revenue collection, issues and performance of the administration.
- Effective and prompt monitoring-number of cases handled, promptness (time taken) in cases handled and the number of corrective actions taken.
- Effectiveness in problem solving regarding the efforts of external factors on the revenue performance-no. of cases handled, analysis done, decisions taken, feedback received and the actual effects of such decisions.
Monitoring/Reporting/Evaluation
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