Development of customs and tax areas
Tax revenues to the state budget in Kazakhstan will increase from 15 per cent to 25 per cent. A group of experts gathered to discuss the methods on increasing the efficiency of the economy with the help of new information technologies. The discussion was held at an international forum titled ‘The Partnership: Customs, Taxes and Business.’ According to Kazakh Finance Minister Bakhyt Sultanov, the tax and customs inspections in Kazakhstan were reduced by 45 per cent last year.
He said the increase in tax revenues will create an effective base for Kazakhstan as the country plans to strengthen cooperation with taxation authorities of states that are participating in the One Belt, One Road initiative. Meanwhile, the Astana Declaration on Tax Topics was adopted at the forum.
BAKHYT SULTANOV, KAZAKH FINANCE MINISTER:
- China’s One Belt, One Road Initiative opens new opportunities for us. Customs accelerates trade as well as makes the delivery of goods faster. We need to develop this area in order to increase trade revenues to the state budget with the help of taxing authorities.
ERNANI CHECCUCCI, SPOKESPERSON, WORLD CUSTOMS ORGANISATION:
- This is a very important event for the international customs community for double aspects. One is the importance of customs tax cooperation that is very much high in our agenda about exchange of information, joint cooperation simplification, enhancing competitiveness of traders. The second aspect is the trade facilitation agenda.