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Harmonising revenue statistics among Asian countries
- 17 November 2015
- OECD
Important:
This article is based on tax law for the tax year ending 28 February 2016.
Author: OECD
Representatives from 13 Asian Ministries of Finance and Tax administrations gathered in Seoul (Korea) on 14 - 15 October 2015 to discuss a framework for harmonising their revenue statistics to increase their comparability and quality.
The OECD’s flagship publication Revenue Statistics – an annual report presenting a unique set of internationally comparable tax data in a common format from 1965 onwards – continues to expand to include more countries. Already covering 60 countries, the initiative aims to improve the consistency, quality and accessibility of revenue indicators and data in developing and emerging economies. In 2015, as part of this expansion, the second edition of Revenue Statistics in Asian countries was published including data from Indonesia, Japan, Korea, Malaysia, and the Philippines. This joint project of the OECD (Centre for Tax Policy and Administration and Development Centre) and the Asian Development Bank, is designed to ensure that countries taking part receive the broadest possible engagement and support. The project builds on the success of the earlier Revenue Statistics in Latin America and the Caribbean publications.
The third edition of Revenue Statistics in Asian countries is expected to be launched in 2016. In order to give more countries the opportunity to participate a seminar of the Revenue Statistics in Asian countries project was held on 14 and 15 October 2015 and brought together officials from Cambodia, India, Indonesia, Kazakhstan, Lao PDR, Malaysia, Mongolia, Myanmar, the Philippines, People’s Republic of China, Sri Lanka, Thailand, and Vietnam, under the auspices of the Asian Development Bank (ADB), the Organisation for Economic Co-operation and Development (OECD), and the OECD Korean Policy Centre (KTC).
By providing statistics that are comparable with those collected for OECD and an increasing number of other countries, tax and customs policy makers will have a better statistical foundation for undertaking policy analysis. Comparable statistics will also facilitate transparent tax policy dialogue and provide policy makers with the data necessary to assess alternative fiscal reforms and make relevant policy recommendations for developing and emerging countries.
For more information you are invited to contact OECD.RevenueStatistics@oecd.org.
This article first appeared on oecd.org.