Prog. Modernization of Customs and Tax Adm.

The Program includes three components:
a) Institutional Management Modernization.
The activities designed for this component are directed to develop an institutional management model comprising the new organizational structure and the new roles of the organization, directing to a transparent and results oriented culture; to implementat methodologies and instruments to strengthen planning and management control; to design and implement a new human resources policy, including a new carrier structure and the corresponding job profiles; and to develop and implement a comprehensive system for the integration of planning, budget, treasury, accounting, and purchasing areas.
b) Customs and Tax Administration Strengthening.
The activities for this component are directed to review and develop a new legal framework and the corresponding disseminating mechanisms; modernization of the procedures and systems for registering, collecting, auditing and inspection functions; simplification of the customs dispatch process, introducing the post clearance audit functions based on risk analysis methodology; and support in the preparation of studies and recommendations regarding exemptions, fiscal benefits, transference prices, and others to be identified.
c) Modernization of the Information and Technology Infrastructure.
The activities for this component are oriented to promote the modernization of the systems and instruments used to carry out the management of the processes and the procedures in the tax administration and customs areas; to upgrade and complement the hardware, software and telecommunication infrastructure; and to develop a data warehouse for the integration of the information.

Project Detail

Country

Venezuela

Project Number

VE-L1001

Approval Date

August 3, 2005

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

Environmental Classification

(R) Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 37,000,000.00

Country Counterpart Financing

USD 18,500,000.00

Original Amount Approved

USD 18,500,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
1650/OC-VE	Sovereign Guaranteed	USD - United States Dollar	Jul. 22, 2024	Dec. 14, 2005	Ordinary Capital	Single Currency Facility

Operation Number

1650/OC-VE

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 22, 2024
Signed Date: Dec. 14, 2005
Fund: Ordinary Capital
Financial Instrument: Single Currency Facility

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-1947