CIAT/IOTA/OECD – Tax Administration Responses to COVID-19: Recovery Period Planning. Version 26 May 2020. 1. Recovery from the profound impacts of the COVID-19 pandemic on people’s lives, jobs, businesses and the wider economy is likely to be lengthy, challenging and multifaceted. Tax administrations, which have played a critical role in the crisis period, will also be central to supporting therecovery. Even during the immediate crisis period there is likely to be significant benefit from early business restoration planning to help identify the main challenges and opportunities for both tax administrations and taxpayers and, where possible, to take early preparatory actions. 2. In undertaking business restoration planning, it will be important to take into account the distinguishing features of the COVID-19 pandemic compared to other crises that are likely to persist during the recovery period. In particular, the continued risks to health, including from further outbreaks; the impacts on staff and administration systems as a result of the need for continuing adjustments; and the potential length and volatility of the recovery period given the depth and scale of the economic shock.3. Against this background, objectives of tax administrations in planning for the recovery period might include: (…)
