Revenue Administration: Administering Revenues from Natural Resources - A Short Primer
Technical Notes and Manuals, June 17, 2014
Source details
- Canonical URL
- Revenue Administration: Administering Revenues from Natural Resources - A Short Primer
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Bibliographic details
- Authors: Andrea Lemgruber
- Published: June 17, 2014
- Series: Technical Notes and Manuals
- DOI: https://doi.org/10.5089/9781498349673.005
Summary
- Many developing countries have significant natural resource endowments, presenting a remarkable opportunity to boost long-term growth.
- Realizing these opportunities requires strong governance and institutional capacity.
- Effective and transparent tax administration is crucial for properly managing revenues from natural resources so the country may benefit economically and socially from its natural resources.
- The Technical Guidance Note "Revenue Administration" describes the challenges that developing countries face and presents good practices to help build countries’ long-term institutional capacity.
Major themes and findings
- Natural resource endowments can substantially support long-term growth in developing countries.
- Challenges associated with resource revenues include governance, institutional capacity, and the need for transparency in tax administration.
- Building long-term institutional capacity in revenue administration is necessary to maximize social and economic benefits from natural resources.
Policy recommendations and good practices (as framed by the Note)
- Strengthen governance frameworks relevant to natural resource revenue management.
- Develop institutional capacity focused on effective and transparent tax administration for the natural resource sector.
- Implement good practices in revenue administration tailored to the specific challenges of extractive industries and natural resource taxation.
Subject areas and keywords
- Subjects: Administration in revenue administration; Auditing; Public financial management (PFM); Revenue administration; Tax administration core functions; Taxpayer services
- Keywords: Administration in revenue administration; Auditing; Extractive Industries; Global; Natural Resource Taxation; NR company; NR revenue; NR sector; NR tax procedure; NR taxpayer; NR-sector issue; Revenue Administration; Sub-Saharan Africa; tax administration; Tax administration core functions; Taxpayer services; TNM