Implementation of a High-Wealth Individual Tax Compliance Program
This online course aims to inspire and guide tax administrations in establishing a program to enhance the tax compliance of high-wealth individuals (HWI). This taxpayer segment presents tax administrations with substantial and increasing compliance risks, stemming from the complexity of their financial affairs, compounded by their significance in terms of potential revenue, and their tendency to use aggressive tax planning to minimize their tax payment. Failure to address compliance risks in this small but often highly visible group of taxpayers can lead to erosion of trust in the tax administration, which may reduce taxpayer compliance in the wider taxpayer population.
Implementing such a program is challenging, and tax administrations need to assess its readiness to establish and implement an HWI program. Factors to consider include the reality of the political environment, the extent of legal authority to monitor and tax HWIs, the capacity of the tax administration to engage HWIs and their advisors, and whether there is sufficient information to support an HWI compliance program.
The course will be designed and delivered by the International Monetary Fund (IMF).
What will you learn
The course activities will help participants familiarize themselves with compliance issues encountered with the taxation of High Wealth Individual income. The course consists of ten sessions covering both fundamental and forward-looking compliance topics faced by tax administrators:
Fundamental Income Tax Compliance Concepts for High Wealth Individuals
- Introduction to HWI income tax compliance
Understanding HWI income sources
Offshore compliance and HWIs
Working with adviser to improve HWI compliance
Developing HWI Analytical Tools & HWI Data
Forward-looking Income Tax Compliance Issues for High Wealth Individuals
Applying a compliance risk management (CRM) process
The compliance treatment toolbox
The role of audit
Designing an HWI integrated program
Who should attend
Managers and other key officials of HWI compliance units, large taxpayer offices, compliance risk management units, and tax audit units.
Participating countries are Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia.
The course will be delivered by:
- John R. Buchanan, external IMF expert
- Jonathan Leigh Pemberton, external IMF expert
Experts and participants will meet on five live webinars (on June 22, June 23, June 24, June 29, and June 30).
Two daily sessions are planned for each webinar (approximately 75 to 90 minutes each with a break of 15 minutes in between). The anticipated start time is at 1 p.m. and ending around 4 p.m.
The course will be delivered in English with simultaneous translation to Serbian and Albanian and will use Webex video conferencing software to allow participants to connect to the event using their office or home computers and smartphones.
This learning initiative was supported by: