2020 Policy Consultation for the Kurdistan Regional Government I: Improving the Banking and Payment, Taxation System, Tourism Industry, and Industrial Investment

Sohn, Wook; Liu, Cheol; Lee, Jongyearn; Kim, Kye Hwan; Lee, Weonvin

Sohn, Wook / Liu, Cheol / Lee, Jongyearn / Kim, Kye Hwan / Lee, Weonvin(Author)

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Abstract: The “Policy Consultation for the Kurdistan Regional Government I” was carried out as the first round project under the agreement among the Kurdistan Regional Government (KRG), Korea National Oil Corporation and KDI School of Public Policy and Management. The four key consultation agendas were identified as top policy priorities by the KRG: (1) banking and payment, (2) taxation system, (3) tourism development, and (4) industrial investment. Our findings and recommendations for each policy area are summarized in this report.

Issue Date: 2021-01

Publisher: KDI School of Public Policy and Management

Contents: Preface

Executive Summary

Abbreviations

Chapter 1. Modernization of the Banking Services and Payment System

Highlights
1. Introduction
2. Current Situation and Challenges of the KRG
3. Banking and Payment System in South Korea
4. Experiences of Other Countries
5. Recommendations for Modernizing Banking and Payment System in KR
6. Conclusion and Future Consultation Areas
References
Appendix

Chapter 2. Establishment of a Comprehensive and Modern Tax Administration

Highlights
1. Introduction and Current Challenges of Tax Administration in KRG
2. Improving Tax Collection Methods
3. Building Database and Cashier Systems for Tax Offices
4. Connecting the Taxation Offices to the Relevant Government Offices through a Network
5. Organizing Year-end Accounting Budgets for Companies to Prevent Tax Evasion
6. Developing Data and Statistics for the Taxation Department
7. Developing a Government-Owned Point-of-Sales (POS) System
8. Developing Sophisticated Systems for Sales Taxation
9. Developing Sophisticated Systems for Corporate Taxation
10. Developing Sophisticated Systems for Income Taxation
11. Conclusion and Recommendations for Establishing a Comprehensive and Modern Tax Administration for KRG
References

Chapter 3. Lessons and Implications from Korean Experience for Promoting the Tourism Industry of the Kurdistan Region
Highlights

1. Introduction
2. Legal and Institutional Arrangement in Korea
3. Tourism Marketing in Korea
4. Tourism Human Resources Development in Korea
5. Infrastructure Development for Tourism in Korea
6. Conclusion and Future Consultation Areas
References
Appendix

Chapter 4. Promoting Industrial Investment through Smart Industrial Cluster and Institutional Reform Highlights

1. Introduction
2. Planning Guideline for Regional Industry (Cluster) Development in Kurdistan Region
3. Improving the Licensing Process for Industrial Projects
4. Improving the Quality Control and Examination System of Industrial Products
References
Appendix