IMF Welcomes Zambian Mining Tax Regime Review
The leader of a recent International Monetary Fund (IMF) mission to Zambia has welcomed President Edgar Lungu’s call for a review of the country’s mining tax regime. IMF mission leader Tsidi Tsikata said: “The mission welcomes the recent easing of documentation requirements for value-added tax (VAT) refund claims of exporters and urges the authorities to […]
Qatar Should Broaden Non-Oil Tax Base, IMF Says
The International Monetary Fund (IMF) has urged Qatar to broaden its corporate income tax (CIT) base in order to decrease its reliance on oil revenues. “The recent large drop in oil and natural gas prices will lead to a substantial deterioration of the fiscal and external balances, calling for intensification of diversification efforts and some […]
Qatar should levy VAT on goods, services, says IMF
DOHA: The International Monetary Fund (IMF) favours Qatar imposing value-added tax (VAT) on goods and services and bringing local and GCC companies within the income tax net to boost its non-energy revenue. It also suggests that Qatar should contain its expenditure growth by reducing state subsidies and controlling the wages of public servants. […]
IMF Urges Romania to Broaden Tax Base
The International Monetary Fund (IMF) has commended the Romanian Government for its fiscal consolidation policies but said that further efforts are needed to improve tax collection. The Fund noted in its 2015 Article IV consultation report for Romania that the Government’s tax reform plans for 2016 include reductions in the value-added tax (VAT) rate, excises, […]
Greece to Consider Tax on Wealthy
Greece’s new Finance Minister, Yanis Varoufakis, has said that Greece is considering an “extraordinary tax” on wealthy individuals to expand on the new left-wing Government’s revenue streams. The comments came during an interview with Greek television station SKAI TV on February 28. He said that the main objective would be to tax people “who have money, but […]