Compliance Risk Management: Developing Compliance Improvement Plans

Download or read book Compliance Risk Management: Developing Compliance Improvement Plans written by Mr. John D Brondolo and published by International Monetary Fund. This book was released on 2022-03-18 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: All tax administrations seek to maximize the overall level of compliance with tax laws. Compliance improvement plans (CIPs) are a valuable tool for increasing taxpayers’ compliance and boosting tax revenue. This note is intended to help tax administrations develop a CIP, by providing guidance on the following issues: (1) how to identify and rate compliance risks; (2) how to treat risks to achieve the best possible outcome; and (3) how to measure the impacts that treatments have had on compliance outcomes.