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Kazakhstan government approves new Tax Code

ASTANA (TCA) — The Government of Kazakhstan on September 12 approved the draft of a new Tax Code, which is aimed at encouraging the growth of SMEs and strengthening the financial sector, the official website of the Prime Minister of Kazakhstan reports. Continue reading

Uzbekistan to cancel excise tax on imported raw foods used by domestic producers

TASHKENT (TCA) — In order to create favorable conditions for sustainable development of domestic production of high quality finished products, meet the consumer demand of the population, prevent unjustified price rises in the domestic consumer market, and to provide Uzbekistan’s producers with raw materials not produced in the country or produced in insufficient quantities, the President of Uzbekistan has adopted a decision "On measures for further streamlining of foreign economic activity of the Republic of Uzbekistan", the Jahon information agency reports. Continue reading

Kazakhstan to cut tax rate for small business in 2018

ASTANA (TCA) — As part of the Nation’s Plan "100 Concrete Steps", it is proposed to reduce the tax rate for small businesses in Kazakhstan starting from 2018, the Deputy Minister of National Economy Ruslan Dalenov said at a briefing on August 2, the official website of the Prime Minister of Kazakhstan reported. Continue reading

Uzbekistan to improve tax administration, increase tax collection

TASHKENT (TCA) — Uzbekistan President Shavkat Mirziyoyev has approved measures to improve tax administration and increase tax collection in the country, the official Jahon information agency reported. Continue reading

UK and Kyrgyzstan sign double taxation agreement

BISHKEK (TCA) — On June 13, the first Double Taxation Agreement was signed between the Kyrgyz Republic and the United Kingdom of Great Britain and Northern Ireland by British Ambassador Robin Ord-Smith and Kyrgyz Minister of Economy Arzybek Kojoshev, the British Embassy in Bishkek said. Continue reading

Bishkek city major challenges: taxes, transport and roads

BISHKEK (TCA) — The capital of Kyrgyzstan, Bishkek, is playing an important role in the country's economy, accounting for 38.6% of the national GDP and 15.5% of industrial production. Foreign direct investment in Bishkek was 58.7% of the country’s total FDI in 2016, Vice Prime Minister of Kyrgyzstan Oleg Pankratov said on January 25 at the Bishkek municipality’s meeting to review the city’s socio-economic results for 2016. Continue reading