IMF How To Notes

How to Implement Electronic Fiscal Reporting (Fiscalization)

By José Maria Pires, Stephen Howlin, Frank van Brunschot

November 6, 2023

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José Maria Pires, Stephen Howlin, and Frank van Brunschot. How to Implement Electronic Fiscal Reporting (Fiscalization), (USA: International Monetary Fund, 2023) accessed November 8, 2024

Summary

To improve the management of tax compliance risks, tax administrations are increasingly seeking opportunities to enhance their access and use of data. For many years, there has been a worldwide trend to implement electronic fiscal reporting (also known as fiscalization) to achieve these aims. Fiscalization refers to the process of automated reporting of a taxpayer’s business activities to the tax administration. When implemented as an integral part of compliance risk management processes, fiscalization will contribute to an improvement in tax compliance by making it easier for taxpayers to voluntarily comply, and discouraging taxpayers who may choose to not report their business transactions. However, fiscalization alone will not address all tax compliance risks. This how-to note provides practical guidance about the case for fiscalization and implementation approaches, including good practices and practices to avoid in relation to the key dimensions of fiscalization: data collection, data analysis, integration with compliance risk management, consumer engagement, and implementation.

Subject: Compliance risk management, Data collection, Economic and financial statistics, Economic sectors, Fiscal reporting, Public financial management (PFM), Revenue administration, Tax administration core functions, Tax policy, Tax return filing compliance, Taxes

Keywords: Business activities, Compliance risk management, CRM processes, Data collection, Discouraging taxpayer, Electronic fiscal devices, Fiscal reporting, Fiscalization, Global, IMF Library, Implementation approach, Tax administration core functions, Tax compliance, Tax return filing compliance

Publication Details

  • Pages:

    27

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    How-To Note No 2023/003

  • Stock No:

    HTNEA2023003

  • ISBN:

    9798400251641

  • ISSN:

    2522-7912

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