Who implement and monitor tax reforms? AIM: INCOME TAX REFORM Vanuatu GROUP 5 Who implement and monitor tax reforms? AIM: INCOME TAX REFORM Vanuatu
Tax Administration (implement) Ministry for Revenue (Samoa) Finance Department (Tokelau) Ministry of Finance (Marshall Islands) Monitoring Depends on which country the Act is implemented. Samoa – MOF also have a role in monitoring
Timeline (2017) New Income Tax Law – Pass in January Jan – March: Training of Staff, Changes to IT infrastructure, Designing new forms to align with the new legal requirements, Apr – June : awareness programs for all stakeholders/taxpayers July – IMPLEMENTATION of Income Tax (Fiscal Year – FY)
MONITORING & EVALUATION – a few months later (after 3 months) Urgent Amendments and Regulations etc Policies and Guidelines to make sure the Act smooth transition
Structure of Revenue Review Task Force Team 1 Secretariat, Policy and Legislation (Lead by Tax Policy Unit) and the Attorney Generals Office Team 2 Modernization of Tax Administration (Lead by DCIR) Team 3 Review of Non Tax Revenue (Lead by Tax Policy Unit and DCIR) Supporting Teams Data Team Communication, Public Consultation and awareness team