▲ Up
 
15:10 27-02-2017
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
IFC helps improve tax administration in Central Asia
14:55, 28 May 2014, 641

AKIPRESS.COM - 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
LATEST NEWS
14:52 Deputy Assistant Secretary of State Rosenblum, Uzbek FM Kamilov discuss cooperation14:46 Kyrgyz citizen was detained with undeclared gold worth $800,000 at Astana airport14:34 Kyrgyzstan imports diamonds for 1.2 bn som past 3 years14:10 Modernization of Sarband HPP starts in Tajikistan14:02 Helicopter crashes in East Kazakhstan, pilot died13:53 Opposition leader supporters gathering in main square in Bishkek13:25 Transport Ministry plans to make North–South Alternate Road a toll road13:20 Atambayev meets with public associations of families of those killed and injured in April 2010 events12:50 Tekebayev's supporters in Jalal-Abad rally again12:42 Swiss probe private bank Lombard Odier over suspected Uzbek money laundering12:41 Tekebayev's arrest: National Security Committee chief reports on Tekebayev's health12:17 Tekebayev's arrest: Footage shows National Security Committee quickly leaving Speaker's room12:10 Albacete International Circus Festival prizes go to Mongolian circus troupe12:02 Kyrgyzstanis can get annual scholarships to study in Latvia11:47 Tekebayev's arrest: National Security Committee chief joins behind closed doors meeting at Parliament11:39 Uzbekistan denies outbreak of foot-and-mouth disease near Tashkent11:31 Oscar 2017: 'Moonlight' wins best picture after 'La La Land' incorrectly called11:28 At least 1.8 billion people globally use a drinking-water source contaminated with faeces11:10 Parliament faction leaders considering convention of extraordinary session of Parliament on Tekebayev's detention10:52 National Security Committee denies Tekebayev's not being fed since detention
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to 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