Question Tag: Revenue Agency

Benefits of Integration of the Revenue Collecting Agencies

• Reduced administrative and tax compliance cost:
  The consolidation of agencies minimized the costs associated with managing multiple tax authorities, leading to streamlined operations and reduced expenses for both the government and taxpayers.
• Better service delivery:
  The integration led to improved coordination among the various tax departments, resulting in faster and more efficient services to taxpayers.
• Improved departmental information flow:
  By merging the agencies, information sharing among departments was enhanced, leading to better decision-making and more accurate tax assessments.
• Holistic approach to domestic tax and customs administration:
  The unified structure allowed for a more comprehensive approach to managing domestic taxes and customs, ensuring consistency and reducing overlaps.
• Enhanced revenue mobilization:
  The integration created a more effective tax collection system, leading to increased revenue for the government through better compliance and reduced tax evasion.

(5 points for 5 marks)