1993 SNA Update Information - Tax revenue, uncollectible taxes, and tax credits (recording of taxes)
|Issue description in [English] | [French] | [Russian] | [Spanish]|
|(a) Definition and coverage of taxes|
Is it necessary to clarify the definition of taxes in the 1993 SNA and the distinction between the
payment of taxes and payments for services.
(b) Accrual recording of taxes
The 1993 SNA describes the conceptual basis on which taxes should be assessed as accruing.
Some practical flexibility is allowed in order to ensure that uncollectible taxes are not shown as
accruing. Should greater precision be given about the degree of flexibility that is acceptable in
relation to (i) the time when accrual is deemed to take place and (ii) the amounts to be shown as
(c) Tax credits
The 1993 SNA does not give guidance on the treatment of tax credits although the Government
Finance Statistics Manual does. In order to correct this omission, a choice has to be made
between recording these as a reduction in government tax receipts and recording some or all as
government expenditure. Which alternative should the SNA adopt?
|Corresponding papers (Click on icon to see document in either pdf or word format)|
|AEG papers:||Posted on 15/08/2005||Tax revenue and tax credits|
|AEG summaries:||Posted on 30/09/2005||Tax revenues, uncollectible taxes and tax credits|
|Number of AEG recommendations:||1|
|Number of country comments:||34|
|Number of expert comments:||none|
|Corresponding AEG Meetings|
|The issue was discussed at the following meetings:|