Welcome to STC

Tax Administration and Revenue Systems

STC’s resource experience in tax administration includes designing and implementing integrated tax systems, developing e-filing solutions, and modernizing tax processes to improve efficiency and compliance. When considering the modernisation of tax administration and revenue organizations, STC leverages a comprehensive range of instruments, policies, and standards from leading international agencies such as the OECD, WTO, IMF, and others. These include:

Organisation for Economic Co-operation and Development (OECD)

  • Base Erosion and Profit Shifting (BEPS) Action Plan: Aims to close gaps in international tax rules that allow multinational enterprises to shift profits to low or no-tax locations.
  • Common Reporting Standard (CRS): Provides a global standard for the automatic exchange of financial account information between governments.
  • Tax Administration 3.0: A framework for digital transformation in tax administration, focusing on integrated and proactive services.

International Monetary Fund (IMF)

  • Revenue Administration Fiscal Information Tool (RA-FIT): A diagnostic tool for assessing the performance of revenue administrations.
  • Tax Administration Diagnostic Assessment Tool (TADAT): Provides a standardized framework for assessing the health of key components of a country’s tax administration system.

International Organization for Standardization (ISO)

  • ISO 9001: Quality management systems standard that can be applied to improve the efficiency and effectiveness of tax administration processes.
  • ISO/IEC 27001: Information security management standard to ensure the security of tax data.

Other Relevant Instruments and Standards

  • Intra-European Organisation of Tax Administrations (IOTA): Provides best practices and guidelines for improving tax administration within Europe, applicable globally.
  • Fiscal Blueprints: European Commission guidelines that provide a strategic framework for tax administration reforms.
  • Government Finance Statistics Manual (GFSM) 2014: Published by the IMF, it sets out an internationally agreed framework for the compilation and presentation of fiscal statistics.
  • Standardised Business Reporting (SBR): A process that allows businesses to report financial data once and share it across multiple government agencies.

Other Relevant Instruments and Standards

  • ISO 28000: Specifies the requirements for a security management system, including those aspects critical to security assurance of the supply chain.
  • ATA Carnet System: An international customs document that permits the tax-free and duty-free temporary export and import of goods for up to one year.

By integrating these instruments, policies, and standards, STC ensures that tax modernisation initiatives align with global best practices, fostering efficiency, transparency, and compliance in tax administration. This approach not only streamlines tax processes but also enhances taxpayer confidence and the overall efficiency of revenue collection, contributing to sustainable economic development.

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