▲ Up
 
01:42 02-02-2015
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
IFC helps improve tax administration in Central Asia

Bishkek (AKIpress) - International Finance Corporation The International Finance Corporation, a member of the World Bank Group, has helped to organize a two-day workshop in order to simplify tax policy in Kyrgyzstan, Tajikistan and Uzbekistan, and encourage regional economic development.

Starting today in Bishkek, IFC and the Vienna University Academy of Public Finance are hosting the event to boost the effectiveness of value-added tax (VAT), which sometimes limits investment into key sectors such as mining and agriculture. The workshop brings together businesspeople and officials to learn from the experiences of each country and study global examples of successful reform.

“Despite being a neutral and transparent tax instrument, VAT, if not properly set up, may result in an increased compliance burden on businesses,” said Sobirdjon Vazirov, Department Head, State Tax Committee of Tajikistan. “Setting clear and straightforward VAT guidelines provides clarity to businesses and helps governments retain tax revenue.”

Christopher Miller, IFC’s Central Asia Investment Climate Program Manager, said: “Well-designed tax administration is a key element of investment climate reform and can reduce costs for both the public and private sectors. This is critical in attracting investment and in encouraging voluntary compliance with tax regulations, thus encouraging businesses to join the formal economy and widen the tax base.”

The initiative is part of IFC’s efforts to improve the investment climate in the region by facilitating investments and reducing compliance costs for businesses. The Central Asia Investment Climate Program is made possible with financial support from the government of Switzerland and the United Kingdom’s Department for International Development.


Twitterfacebookprint
14:55 28.05.2014
LATEST NEWS
15:19 Kyrgyz economy to change after joining Customs Union – First Vice PM Sarpashev15:15 $13.1 million needed for full rehabilitation of Torugart checkpoint – State Customs Service15:02 45 conflicts registered in border areas in Batken region15:00 Gazprom to deliver 450mln m3 of gas to Kyrgyzstan in 2015 – Miller14:50 Ministry of Social Development and UN Population Fund organize consultations on violence elimination14:47 Authorities comment on Kyrgyzstan's debt to UN that deprived country's right to vote14:41 Alcohol industry is sore subject in Kyrgyzstan – State Tax Service14:31 Two heavy trucks collide on Kyzyl-Bel pass creating traffic jam14:25 Customs border of Kazakhstan, Kyrgyzstan must fully open by May 1: PM Otorbayev14:22 16 Kyrgyz athletes to participate in semifinals in boxing tournament in Bishkek14:16 Working group for creation of medical workers association established in Kyrgyzstan14:14 UNDP hands Kyrgyzstan equipment worth $130,00014:02 Life in regions: At-Bashi resident cooks 300 national breads a day starting work from 2am12:16 IS chemical weapons expert killed in airstrike in Iraq US17:35 No universal calculation parameters for comparison of shadow economies of different countries exist – President’s Administration17:21 Economy Ministry proposes to adopt list of goods to be exported and imported under license17:19 Tajikistan, WB discuss prospects of cooperation in agricultural sector17:12 10 of 22 MP candidates fail Tajik language test17:02 Uzbekistan takes part in food festival in India16:58 Kids in one of children institutions claim they were photographed naked in shower and toilet: expert
Astana
-10° C
Ashgabat
+4° C
Bishkek
+1° C
Dushanbe
+6° C
Tashkent
+3° C
exchange rates
 
67.84
59.81
9.57
0.87
209.18
184.45
29.51
2.66
6.09
5.38
0.86
0.08
2830.23
2436.16
389.63
38.43
3.95
3.50
0.56
0.05

© AKIpress News Agency - 2001-2015. All rights reserved
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75