Timor-Leste is currently embarked in a process of comprehensive Fiscal Reform. Among other objectives, the Fiscal Reform aims to increase domestic revenue and improve the business and investment environment. This is necessary in order to advance towards fiscal and economic sustainability.
The Fiscal Reform Commission (FRC), on behalf of the government, has been consulting with all the relevant stakeholders at each stage of the process of developing the Custom Procedure Code (CPC), VAT Law, Tax and Duties Act and Tax Procedures Code. During 2015-2016 the FRC held several information and consultation events with public sector, private sector, and civil society stakeholders