In the first half of 2017, tax arrears in Kyrgyzstan reached 2.5 billion soms. Bad debt is estimated at 738.2 million soms – 1,888 taxpayers left debts. This is almost a third of the total debt. In half a year, the tax authorities forcibly collected 1,687.4 billion soms of debts to the budget. 42,729 tax…
President Shavkat Mirziyoev signed a Decree “On measures for radical improvement of tax administration, increase tax collection and other obligatory payments”. The decree notes that the country has formed a tax system that provides for a consistent reduction of the tax burden and creates a favorable climate for business development and attracting foreign investment. However,…
The Cabinet of Ministers has authorized the Ministry of Finance to prolong the agreement with the European Investment Bank (EIB) on attracting EUR 200 million for financing the reconstruction of infrastructure destroyed during the military operations, as well as for resolving the problems of internally displaced persons. The relevant draft order was adopted by the…
Trade and economic relations were high on agenda as Washington hosted the Turkmen-U.S. business session on development of business ties. The event was held with the participation of officials of Argus Ltd, Boeing, CNH Industrial, Ellicott Dredges, General Electric, John Deere, Lindsey, Microsoft, Oxbox Energy Solution, Caterpillar and Westport Trading Europe Ltd, said the Turkmen…
Inflation in Kazakhstan in the first six months of 2017 stood at the level of 3.7% compared with 4.6% in the first half of last year. At the annual level, that is, compared to the same period of the previous year, inflation was at the level of 7.5%, or within the target corridor, National Economy…
If fuel consumption drops considerably in the country, the government may reconsider the decision to increase excise tax, said Latvian Finance Minister Dana Reizniece-Ozola. She says the decision to increase excise tax for fuel, cigarettes and alcohol is a compensating mechanism to secure income for the state budget lost as a result of the tax…
India wants to re-negotiate bilateral investment treaties with Turkmenistan, Tajikistan, Kyrgyzstan and a number of other countries, Indian Minister of State for Commerce and Industry Nirmala Sitharaman said. The minister said that while approving the new Model Bilateral Investment Treaty text in 2015, the Indian government had also approved the proposal to terminate those out…