Italy: Technical Assistance Report-Enhancing Governance and Effectiveness of the Fiscal Agencies
IMF Staff Country Reports, July 20, 2016
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Bibliographic details
- Published: July 20, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498374446.002
Executive summary and context
- Report discusses measures to enhance the effectiveness of tax administration system in Italy.
- The Italian tax administration system comprises multiple entities, which demands tight coordination.
- Tax revenues are high, but collection performance in the main taxes is mixed.
- Agencies’ accountability framework to the Ministry of Economy and Finance is very detailed and should be more strategic.
- The agencies have not been empowered to develop their own medium-term strategic plan.
- A holistic approach to managing risks to the tax system is needed, including targeted compliance strategies.
- The accumulation of tax debts is alarming, and structural issues need to be addressed urgently.
Key findings
- Multiple entities in the tax administration system require tight coordination.
- Collection performance across the main taxes is mixed despite high tax revenues.
- Accountability framework to the Ministry of Economy and Finance is very detailed; needs to shift toward a more strategic orientation.
- Fiscal agencies lack empowerment to develop their own medium-term strategic plan.
- Risk management for the tax system is fragmented; a holistic approach is necessary, including targeted compliance strategies.
- Accumulation of tax debts is identified as alarming and driven by structural issues.
Policy recommendations and strategic priorities
- Strengthen coordination mechanisms among the multiple tax administration entities.
- Rebalance the agencies’ accountability framework to introduce a more strategic focus vis-à-vis the Ministry of Economy and Finance.
- Empower agencies to develop and implement their own medium-term strategic plans.
- Implement a holistic risk-management framework for the tax system, incorporating targeted compliance strategies.
- Address structural drivers of tax debt accumulation urgently to improve collection performance.
Publication and metadata
- Publication title: Italy: Technical Assistance Report-Enhancing Governance and Effectiveness of the Fiscal Agencies
- Publication date: July 20, 2016
- Series: Country Report No. 2016/241
- Issue: 241
- Volume: 2016
- Pages: 69
- DOI: https://doi.org/10.5089/9781498374446.002
- Stock No: 1ITAEA2016005
- ISBN: 9781498374446
- ISSN: 1934-7685
- Subjects: Auditing, Public financial management (PFM), Revenue administration, Tax administration core functions, Tax fraud, Taxes, Value-added tax
- Keywords: administration function, Africa, agency staff, audit program, Auditing, compliance management, CR, ISCR, risk assessment, tax administration, Tax administration core functions, tax agency, tax authorities, Tax fraud, value-added tax, Value-added tax
IMF Staff Country Reports — Italy: Technical Assistance Report-Enhancing Governance and Effectiveness of the Fiscal Agencies (July 20, 2016), Country Report No. 2016/241