As part of the program by the Inter-American Center of Tax Administration and the United Nations Department of Economic and Social Affairs (UN-DESA) to strengthen the institutional capacities of national tax administrations, the tax transaction costs measurement workshop within small and medium companies has been launched on Wednesday February 27.

The 3-day event is taking place in Panama City, Republic of Panama, at the Le Meridian Hotel, with the participation of delegates from 10 Latin American countries tax administrations.

Tax Transactions costs are the tax compliance costs faced by taxpayers to comply with their tax obligations and also the administrative costs of the tax authority to enforce the tax system.

During the workshop, participants are reviewing the methodology developed by the Executive Secretariat team to identify, to measure and to reduce the main components of the tax transactions costs. The participants also discuss the best alternatives for a more effective implementation of the measurement by countries.

In the following months this methodology will be applied as pilot projects in Costa Rica and Uruguay. Recently, Brazil has joined this initiative.

The CIAT / UN-DESA project is coordinated by the CIAT Directorate of Tax Studies and Research.

Photo of the participants- Workshop on the Measurement of Tax Transactions Costs in Small and Medium Enterprises.

Photo of the participants