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OECD: Tax administration support for individual and business taxpayers (COVID-19)

OECD: Tax administration support for taxpayers

The Organisation for Economic Cooperation and Development (OECD) today announced the release of a report that outlines how tax administrations can prepare for the potentially prolonged, uncertain and complex recovery period from the coronavirus (COVID-19) pandemic.

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As noted in the OECD release, the report—Tax Administration Responses to COVID-19: Recovery Period Planninghighlights that even during the immediate crisis period, there will be significant benefit from early business restoration planning to help identify the main challenges and opportunities for both tax administrations and taxpayers, and to take early preparatory actions.

In undertaking business restoration planning, tax administrations will need to take into account the distinguishing features of the COVID-19 pandemic which, unlike other crises, 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
  • The potential length and volatility of the recovery period given the depth and scale of the economic shock

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