High-Level Summary Technical Assistance Report: Mauritania: Tax Policy Diagnostic

High-Level Summary Technical Assistance Report; Mauritania: Tax Policy Diagnostic
READ MORE...
Volume/Issue: Volume 2024 Issue 026
Publication date: July 2024
ISBN: 9798400285462
$5.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
paperback else
pdf else
epub else
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , Taxation - General , direct taxation , indirect taxation , CIT , VAT , property tax , mining taxation , tax credits , tax policy diagnostic , consumption taxation , IMF's Fiscal Affairs Department , regressive value-added tax exemption , mining tax regime , Income and capital gains taxes , Corporate income tax , Global

Summary

The IMF’s Fiscal Affairs Department has been working with Mauritania on capacity building in tax policy. Mauritania has recently created a tax policy unit and adopted a new General Tax Code in 2019 with a corporate income tax and a semi-dual approach to personal income taxation. However, there is significant scope to enhance the efficiency and effectiveness of income taxes, including due to the proliferation of wasteful tax exemptions. The fast urbanization also calls for a review of recurrent property taxation. The formalization of property rights requires a temporary suspension of the excessive registration fees. Consumption taxation can also be improved by broadening the tax base, for example, by abolishing regressive value-added tax exemptions or by imposing excise taxes on imported used vehicles. Finally, several recommendations aim to support the reform of the Mining Code, such as introducing some progressivity, prohibiting the negotiation of any tax parameters, and strengthening the principle of ring-fencing.