Tax Effort and Tax Potential in Timor-Leste: Assessing Post-Pandemic Fiscal Challenges and Priorities (Paperback) (ISBN-13: 9789292707378)

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.

Author: Asian Development Bank
ISBN-10: 929270737X
ISBN-13: 9789292707378
Publisher: Asian Development Bank
Language: English
Published: 08/19/2024
Pages: 58
Format: Paperback
Weight: 0.45lbs
Size: 11.00h x 8.50w x 0.16d