Revenue mobilization
| 1 |
To shift the focus of economic management from taxation to production by reducing some taxes abolishing others. |
| Feasible | |
| Several taxes labelled as nuisance taxes have been abolished’ However, the promise to reduce the corporate tax rate from 25% to 20% has not yet been implemented. | |
| 2 |
To put in place new measures to make up for the lost revenue as a result of the abolition and reduction of certain taxes |
| Feasible | |
| A number of measures such as the Excise Tax Stamp system have been put in place | |
| 3 |
To use technology to formalise the economy and mobilise more revenue. |
| Feasible | |
| There is a lot going on in this direction such as implementing the Taxpayer Identification Number, the National Identification System, the Digital Address System and introducing the Paperless System at the ports, all aimed at formalizing the economy and mobilizing more revenue. |
