Revenue Administration: Implementing a High-Wealth Individual Compliance Program
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Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary:
This technical note is provided as guidance to tax administrations that are considering a program to enhance the tax compliance of high wealth individuals. The note explains the rationale for a specialized compliance program for this segment of the taxpayer base and provides guidance on defining the population of wealthy individuals. Advice is also given on how to assess readiness for such a compliance program, taking into account the legal framework, the political environment, the availability of the necessary data and the administration’s capacity to implement it. The note then gives practical advice on implementing a high wealth individual compliance program, using the compliance risk management model as its foundation.
Series:
Technical Notes and Manuals No. 2017/007
Subject:
Auditing Capital income High Net Wealth Individuals National accounts Personal income Public financial management (PFM) Revenue administration Tax administration core functions
English
Publication Date:
May 5, 2017
ISBN/ISSN:
9781475592948/2075-8669
Stock No:
TNMEA2017007
Pages:
36
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