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Today’s Top Headlines

IMF Supports South African States On Indirect Tax Enforcement

by Lorys Charalambous,, Cyprus

22 February 2016

The International Monetary Fund's (IMF's) Regional Technical Assistance Center in Southern Africa (AFRITAC South) held a seminar over February 15-19, 2016, on indirect tax compliance and coordinating border management.

The event brought together senior customs officials from revenue administrations from Angola, Comoros, Lesotho, Madagascar, Mauritius, Namibia, Seychelles, South Africa, Swaziland, Zambia, and Zimbabwe.

Participants shared their experiences and exchanged knowledge on enforcing indirect taxes, in particular in relation to the inspection of cargo and documents.

In addition, international experts shared with participants their knowledge and country experience of implementing Coordinated Border Management (CBM), a global customs initiative. It is a key program for maximizing revenues, facilitating trade, and ensuring the security and safety of citizens, the IMF said.

TAGS: South Africa | compliance | tax | value added tax (VAT) | tax compliance | Mauritius | Swaziland | Zimbabwe | International Monetary Fund (IMF) | Angola | Comoros | Lesotho | Madagascar | fees | Namibia | Zambia | trade | Seychelles | Africa

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