20240430-IMF-Guinea_Bissau_Further_Improvements_in_Tax_Compliance_4页_406kb

Guinea Bissau is advancing tax compliance through a digital transformation led by the Ministry of Finance and supported by the IMF Fiscal Affairs Department. Key progress includes the rollout of the Kontaktu platform, which enables electronic filing and payment, improved data sharing with Customs and Treasury, and real-time monitoring of revenue from sectors like cashew exports. However, VAT implementation has been delayed despite legislative approval; a new timeline and prioritization of preparatory measures are needed. Findings highlight three main areas: electronic services have grown but enforcement measures are lacking; risk management using third-party data could enhance compliance and audit efficiency. Recommendations include clarifying VAT implementation, intensifying electronic taxpayer services, investing in electronic notifications, adopting risk-based enforcement, and coordinating audits with Customs to address revenue losses. Overall, modernization efforts face political and resource challenges but offer potential for improved tax administration and revenue mobilization.