Currently, the tax policy of the Kyrgyz Republic is one of the fastest growing areas of the state. In this regard, given the pace of development of modern international business processes, the Tax Code is of particular importance, which is a socially significant tool for the successful implementation of the tax policy of the Kyrgyz Republic and acts as a guarantor of legal interaction between the state, business and citizens.
Of the Kyrgyz Republic to protect property and support entrepreneurs in using the Kyrgyz Republic, as well as the Action Plan of the Government of the Republic to stabilize the economy, optimize and improve the entire legislative framework, and change it on a large-scale and qualitative level revision of existing values and principles, new guidelines, by order of the Ministry of Economy and Finance of the Kyrgyz Republic, with the participation of representatives of business associations and government bodies, an interdepartmental working group was formed to develop a draft of a new edition of the Tax Code of the Kyrgyz Republic.
The main goal of the interagency working group is to adapt the tax legislation of the Kyrgyz Republic to modern economic conditions and create favorable conditions for the activities of taxpayers.
In this regard, the development of a draft of a new edition of the Tax Code of the Kyrgyz Republic is provided for in the part:
1) simplification of the mechanism for reimbursement and refund of excess VAT;
2) introduction of a service approach to servicing taxpayers
3) development of a mechanism providing for alternative approaches to the consideration of tax disputes in the Kyrgyz Republic;
4) revising the conduct of on-site scheduled inspections, if the taxpayer meets special criteria prescribed in the Tax Code of the Kyrgyz Republic (Rating of taxpayers);
5) simplification of tax administration procedures;
6) Elimination of conflicts in tax legislation and development of a clear mechanism aimed at resolving controversial issues in favor of the taxpayer.
At the same time, for the purpose of an effective approach to improve the tax legislation of the Kyrgyz Republic, the Ministry has formed 6 modular subgroups to work out the identified main priority areas.
As a result of the implementation of the proposed measures to improve tax legislation, one can single out
For business:
1) simplification of the fulfillment of tax obligations;
2) minimization of capital and operating costs for the fulfillment of tax obligations of all participants;
3) simplification, automation of reporting and contact with tax officials;
4) elimination of unfair competition and protection of domestic producers;
5) the possibility of increasing the export of products to third countries and the EAEU member states.
For the end consumer:
1) guarantee of the authenticity and quality of goods;
2) an adequate price in a transparent market;
3) simplification of mechanisms for obtaining tax deductions.
For the state:
1) increasing tax collection;
2) ensuring the traceability of goods throughout the supply chain;
3) the possibility of detecting illegal trade;
4) creation of a favorable investment climate;
5) strengthening public confidence in government agencies;
6) improving the efficiency and quality of social and economic decision-making.
