Tax administrations play critical role in COVID-19 recovery

Jun 02, 2020

According to a new report published by the OECD, tax administrations will play a critical role in planning the recovery from the impact of COVID-19. The report; Tax Administration Responses to COVID-19: Recovery Period Planning, highlights that early business restoration planning will help identify the main challenges and opportunities for both tax administrations and taxpayers. 

The report sets out a number of considerations which tax administrations may wish to take into account in their planning for the recovery period. These are set under the following categories: 

  • Business restoration governance
  • Scenario planning
  • Analysis and monitoring
  • Business restoration planning
  • Opening of offices
  • Staff welfare
  • Reputation management and communication
  • Working methods
  • Longer term implications for tax administration

The report has been produced by the OECD Forum on Tax Administration (FTA), in co-operation with the Inter-American Center of Tax Administrations (CIAT) and the Intra-European Organisation of Tax Administrations (IOTA). Two other reference documents have also been produced by this group, one on measures to support taxpayers and one on business continuity considerations

For more information read the report.