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Cover IMF Staff Country Reports
Maldives: Technical Assistance Report––Estimating Tax Expenditures
International Monetary Fund. Fiscal Affairs Dept.

it as a TE. For the GST, the Benchmark system is a uniform GST rate (except for a zero-rate on exports) with no GST exemptions. For the BPT, generally, deviations from the BPT benchmark system include any reduced tax rates, tax deductions for expenses that are unnecessary for doing business (such as deductions for charitable donations and deductions for employee welfare expenses), and BPT exemptions. Moreover, to enhance transparency and guide policy making, the mission recommends costing and publishing the revenue implications of several additional measures that

Keywords:
BPT TE; BPT collection; BPT model; BPT Benchmark; tax return data; Corporate income tax; Consumption taxes; BPT tax returns
Cover IMF Staff Country Reports
Maldives: Technical Assistance Report—Estimating Tax Expenditures
International Monetary Fund. Fiscal Affairs Dept.
The Maldives has identified the estimation and regular reporting of tax expenditures (TEs) as one of the top priority areas in continuing its tax modernization process. TEs are alternative policy tools (e.g., to direct transfers and other spending measures) in the form of provisions in the tax legislation that modify the tax liability of individuals or companies. The cost of TEs should be identified, measured, and publicly reported to improve transparency in fiscal management.
Keywords:
business profit Tax Expenditure; Model structure; memo item; business profit taxpayer; business profit tax data; Value-added tax; Corporate income tax; Consumption taxes; Tax allowances; Personal income tax