Revenues could be considerably higher
Most tax revenue is from income and consumption taxes
Sub-national governments raise relatively little tax revenue
Registration and compliance have improved
Complying with taxes takes firms longer than elsewhere
Income tax and social security collections are low
The threshold for paying tax increased but tax brackets have narrowed overall
Incentives substantially reduce corporate income tax bases
Goods and services tax revenues are low and rely on value-added tax
The performance of the VAT is reasonable but has deteriorated
Revenues from natural resources