AUDITS AND TAX REVENUES IN AFRICAN TAX OUTLOOK (ATO) PARTICIPATING COUNTRIES: WHAT MORE MUST BE DONE?
While the primary goal of tax audits is to enhance tax compliance, they are also crucial in generating tax revenues. Though several studies have emphasized the compliance-enhancing objective of audits, little attention has been directed towards the revenue-impact of audits. At times, tax audit programmes have the potential to generate significant tax revenues. For instance, through the African Tax Administration Forum (ATAF)’s Country Programmes, the ATAF Secretariat has conducted 26 Transfer Pricing technical assistance missions to nine African countries.