Tax Effort and Tax Potential in Timor-Leste: Assessing Post-Pandemic Fiscal Challenges and Priorities

Author:   Asian Development Bank
Publisher:   Asian Development Bank
ISBN:  

9789292707378


Pages:   58
Publication Date:   19 August 2024
Format:   Paperback
Availability:   In Print   Availability explained
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Tax Effort and Tax Potential in Timor-Leste: Assessing Post-Pandemic Fiscal Challenges and Priorities


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Overview

This report analyzes tax policy reforms needed in Timor-Leste to boost domestic revenue mobilization and help drive more inclusive and sustainable economic growth. Timor-Leste, one of Southeast Asia's poorest countries, relies heavily on petroleum income to finance its large public expenditure envelope. As a result, the country remains vulnerable to revenue fluctuations which in turn contribute to macroeconomic volatility. This report concludes that a more diversified approach to domestic resource mobilization will reduce such volatility and provide more stability in government finances. To achieve this, it proposes a modern value-added tax is introduced alongside other tax administration reforms, and that these need to be complemented by more efficient public expenditure.

Full Product Details

Author:   Asian Development Bank
Publisher:   Asian Development Bank
Imprint:   Asian Development Bank
Dimensions:   Width: 21.60cm , Height: 0.40cm , Length: 27.90cm
Weight:   0.204kg
ISBN:  

9789292707378


ISBN 10:   929270737
Pages:   58
Publication Date:   19 August 2024
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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