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MSME Taxation in Transition Economies : Country Experience on the Costs and Benefits of Introducing Special Tax Regimes. / Engelschalk, Michael.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Engelschalk, Michael
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Business formalization and growth.
- Compliance costs.
- Debt markets.
- E-Business.
- Emerging markets.
- Finance and financial sector development.
- Law and development.
- Macroeconomics and economic growth.
- Presumptive taxation.
- Private sector development.
- Tax compliance.
- Tax law.
- Taxation & subsidies.
- Local Subjects:
- Business formalization and growth.
- Compliance costs.
- Debt markets.
- E-Business.
- Emerging markets.
- Finance and financial sector development.
- Law and development.
- Macroeconomics and economic growth.
- Presumptive taxation.
- Private sector development.
- Tax compliance.
- Tax law.
- Taxation & subsidies.
- Physical Description:
- 1 online resource (63 pages)
- Other Title:
- MSME Taxation in Transition Economies
- Place of Publication:
- Washington, D.C. : The World Bank, 2015.
- System Details:
- data file
- Summary:
- The paper analyzes the design of simplified small business tax regimes in Eastern Europe and Central Asia and the impact of such regimes on small business tax compliance. Although many approaches for tax simplification exist, a general trend in the region is to offer small businesses the option to be taxed based on their turnover instead of net income. The study finds that many of the regimes in place are overly simplistic and neither take into account fairness considerations nor do they facilitate business growth and migration into the standard tax regime. Although revenue generation is not a main objective of such regimes, low revenue performance and the risk of system abuse by larger businesses should be issues of concern. More attention should therefore be devoted to improving the design of simplified regimes and monitoring their application. This will require in particular a more profound analysis of the economic situation and the tax compliance challenges in the small business segment and increased efforts to improve the quality of bookkeeping.
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