Uzbekistan and the International Monetary Fund (IMF) have mentioned the reforms applied within the Uzbek tax system and administration in latest years, in addition to the outcomes achieved within the sphere, Trend studies.
The concern was mentioned throughout a gathering between Uzbekistan’s Deputy Minister of Economy and Finance Akhadbek Haidarov and representatives of the Fiscal Department of IMF headed by Vincent de Paul Koukpaizan.
During the assembly, the events mentioned the outcomes of the ultimate report of the Tax Administration Diagnostic Assessment Tool (TADAT), ready by the IMF mission on a go to to Uzbekistan in July of 2023, which is geared toward an goal evaluation of the principle elements of the nation’s tax administration.
The events additionally mentioned the potential of attracting IMF technical help to enhance tax coverage and administration, together with decreasing the shadow financial system, managing tax dangers, regulating tax disputes and bettering different points of tax methods.
Meanwhile, Uzbekistan plans to automate tax reporting system ranging from January 1 of 2024.
Documents will probably be generated routinely, using each inner sources such because the taxpayer’s monetary data, ASF
knowledge, on-line transactions, and exterior sources from different authorities businesses.
The ensuing studies will probably be accessible within the taxpayer’s private account. In the occasion of any objections, the taxpayer can submit a revised model to the tax authorities throughout the legally specified timeframe.
Source : Businesslend
