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”
ITIC President Daniel Witt discusses economic reform in Kazakhstan with Khabar TV.
More information is available on http://24.kz/ru/news/poslanie/item/163971-prodolzhaet-idti-vpered
ITIC President Daniel Witt talks about President Nazarbayev’s recently announced Kazakh constitutional reforms. Click here for more information.
In 2016, ITIC organized or participated in dozens of events around the world, bringing together public-sector stakeholders, industry representatives, and academics to foster mutual understanding and trust on taxation matters. Below are several ITIC highlights from 2016.
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.
Washington, DC – Fiscal officials from across 10 Eurasian countries met this week with leading academic specialists and private-sector representatives in The Hague, The Netherlands, for the 12th annual “Eurasia Tax Forum” hosted by the International Tax and Investment Center (www.iticnet.org).
The conference focused on a number of economic and tax issues, including Eurasian growth and the “China factor,” fiscal consolidation in a low oil price environment, key tax issues in the Eurasian Economic Union, and how Eurasian countries are adapting to new guidelines related to Base Erosion and Profit Shifting (BEPS).
Further to our February update, below is a summary of ongoing debates and tax developments in Azerbaijan.
In late February, the Parliament confirmed the “package” of investment-promoting preferences and exemptions valid over seven years in respect of PIT/CIT/VAT/Property & Land Taxes, as well as Customs Duties, for entities and individuals granted an Investment Promotion Certificate (IPC). Continue reading “Azerbaijan: April Tax and Investment Update”