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Uzbekistan raises excise duties on alcoholic products, cigarettes

TASHKENT (TCA) — Starting from 1 January 2017, the government of Uzbekistan has raised excise duties for alcoholic products, beer, and cigarettes produced in the country by an average of 23 percent, Novosti Uzbekistana news agency reports. Continue reading

High social tax hinders business development in Kyrgyzstan

BISHKEK (TCA) — There is only one social-tax payer per every two pensioners in Kyrgyzstan, whereas according to the International Labor Organization standards one pensioner shall have at least three working-age social-tax payers. Continue reading

Economies in Central Asia countries credited with positive reforms, WB report says

ALMATY (TCA) — Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan implemented a total of 12 reforms across nine business regulatory areas during the past year. Kazakhstan carried out seven regulatory reforms – the most among the Central Asian countries – thereby creating a better environment for entrepreneurs. Uzbekistan undertook three such reforms, while Kyrgyzstan and Tajikistan implemented one each, the World Bank Group’s annual ease of doing business assessment says. Continue reading

Kyrgyz parliament proposes incentives for investors in country’s regions

BISHKEK (TCA) — The Respublika – Ata-Jurt faction in the Kyrgyz parliament has proposed introducing tax benefits for investors developing Kyrgyzstan’s regions, KyrTAG news agency reports. Continue reading

Kazakhstan to raise excise taxes on alcohol and tobacco in 2017

ASTANA (TCA) — In 2017, the government of Kazakhstan plans a phased increase in excise duties on alcoholic beverages and tobacco, the Minister of National Economy Kuandyk Bishimbayev said at the conference "Actual problems of taxation" on September 22, the official website of the Prime Minister of Kazakhstan reports. Continue reading

Kazakhstan plans tax incentives for subsoil users

ASTANA (TCA) — The government of Kazakhstan plans to introduce tax incentives for subsoil users under conditions of the economic crisis, Minister of National Economy Kuandyk Bishimbayev said at the conference "Actual problems of taxation" on September 22, the official website of the Prime Minister of Kazakhstan reports. Continue reading