During the opening session of Kazakhstan’s Parliament on 4 September 2017, Kazakh President Nursultan Nazarbayev devoted a large part of his presentation to the challenges facing Kazakhstan’s economy, achieving investment-led growth, and the role of fiscal policy in consolidating recent improvements in GDP growth. He also referenced the new draft Tax Code, which seeks to eliminate ineffective incentives and preferences while diminishing the shadow economy and simplifying tax administration. Continue reading “Kazakhstan Tax and Investment: Fall 2017”
Representatives from ministries of finance, tax administrations, academic institutions, and the private sector gathered in Paris on 26-28 June 2017 for ITIC’s 13th annual Eurasia Tax Forum. The themes for this year’s Forum were recommended by regional officials and investors, and they included the following:
- Tax Reform: Principles in Practice
- Continuity and Change in International Tax
- Taxation of the Digital Economy
- The State of Play in Energy Investment
- Natural Resources Taxation in Eurasia
- Tax Issues in the Services Sector
ITIC was pleased to join 150 high-level representatives (from IOTA member states, international organizations, businesses, and academic) at the 21st annual General Assembly of the Intra-European Organisation of Tax Administrations in Kiev, Ukraine on 28-30 June 2017.
New procedures for the handling of audit and disputes arising came into effect 1 July 2017. Certain categories of taxpayer can now obtain a “preliminary” tax audit ahead of the finalized audit act and have the right to object in writing to the findings of such “preliminary” audit. Continue reading “Kazakhstan’s Tax’s System: Reform of Dispute Procedures”
In a recent article for the Intra-European Organisation of Tax Administrations (IOTA), Azeri Minister of Taxes Fazil Mammadov analyzed the new challenges faced by Azerbaijan’s Tax Service due to sluggish global growth and its negative impact on resource economies. He depicted Azerbaijan’s response in terms of developing a sustainable national economy.
Source: 2017 Index of Economic Freedom, Interactive Heat Map (The Heritage Foundation)
On 15 February, the Heritage Foundation published its annual report entitled, 2017 Index of Economic Freedom, comparing the performance of 186 economies. One key factor influencing the conclusions and rankings is the Tax Burden parameter of the Government Size performance measurement criterion. Continue reading “2017 Index of Economic Freedom”
Investors are showing a renewed interest in the post-Karimov reform agenda in Uzbekistan, the guidelines for which have been detailed by President Mirziyoyev in several recent decrees and the implementing instructions of 14 February 2017. His decree of 7 February “on the Action Strategy for the Further Development of the Republic of Uzbekistan 2017-2021” and the related documents may be accessed here. Continue reading “Uzbekistan Reform Agenda”
Recognizing that good tax administration leads to good tax policy and better taxpayer/tax collector relations, ITIC continues working with public agencies and private-sector stakeholders to improve understanding, develop capacity-building and help countries achieve their full revenue potential. Continue reading “Tax Administration Update”
The Working Party on Azerbaijan’s accession to the World Trade Organization (WTO) met in Geneva on 22 July and expressed hope that the accession negotiations (which began in 1997) would be completed in the near future. Continue reading “Azerbaijan: Update on WTO Accession”
ITIC Senior Advisor Douglas Townsend participated as an Observer in the 20th General Assembly of the Intra-European Organization of Tax Administrations (IOTA) held on 7-8 July 2016 in Bucharest, under the Presidency of the Romanian National Agency for Fiscal Administration. Heads of tax administrations from 46 countries and representatives of 11 international organizations attended, along with representatives from the IMF and OECD, among others.