Assessment of Tax Compliance Costs for Businesses in the Kyrgyz Republic
The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institute focused on supporting the private sector in emerging economies. Through its work with more than 2,000 companies worldwide, IF...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Bishkek
2018
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/690711540541894216/Assessment-of-Tax-Compliance-Costs-for-Businesses-in-the-Kyrgyz-Republic http://hdl.handle.net/10986/30948 |
| id |
okr-10986-30948 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-309482021-05-25T09:19:44Z Assessment of Tax Compliance Costs for Businesses in the Kyrgyz Republic World Bank Group BUSINESS ENVIRONMENT TAXATION TAX ADMINISTRATION The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institute focused on supporting the private sector in emerging economies. Through its work with more than 2,000 companies worldwide, IFC mobilizes capital, expertise, and influence to create markets and opportunities for developing countries. The objective of the IFC Central Asia Tax Project is to improve compliance with mandatory requirements of tax legislation through increased transparency and simplification of tax administration procedures. Simplification of tax accounting procedures will reduce costs of tax compliance, lessen the administrative burden on small and medium businesses, reduce barriers to entry into the formal economy, and serve as a driver for economic growth in the Kyrgyz Republic. The key element of reforms is an immediate assessment of their efficiency and possibility for adjustments based on assessment results. With this view, IFC, through its technical assistance tax reforms projects, has conducted a series of studies, which help monitor the tax system reforming processes in the Kyrgyz Republic. The main goal of the studies was a periodic assessment of time and costs to taxpayers in the Kyrgyz Republic in complying with the mandatory requirements of the tax legislation. Equitable intervals of measurements allowed an immediate assessment of the impact of implemented tax reforms on the cost of taxpayers to comply with tax legislation. In addition, actual data on the tax system status helped elaborate concise recommendations for the Government with the focus on elimination of identified issues and reduction of the tax administration costs to businesses. This report outlines the results of all three rounds of business environment surveys in the area of tax regulation; it includes the estimates of tax accounting costs of taxpayers in the Kyrgyz Republic in 2012, 2014, and 2016. 2018-12-04T21:26:51Z 2018-12-04T21:26:51Z 2017-12 Report http://documents.worldbank.org/curated/en/690711540541894216/Assessment-of-Tax-Compliance-Costs-for-Businesses-in-the-Kyrgyz-Republic http://hdl.handle.net/10986/30948 English CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation World Bank, Bishkek Economic & Sector Work :: Other Public Sector Study Economic & Sector Work Europe and Central Asia Kyrgyz Republic |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
BUSINESS ENVIRONMENT TAXATION TAX ADMINISTRATION |
| spellingShingle |
BUSINESS ENVIRONMENT TAXATION TAX ADMINISTRATION World Bank Group Assessment of Tax Compliance Costs for Businesses in the Kyrgyz Republic |
| geographic_facet |
Europe and Central Asia Kyrgyz Republic |
| description |
The International Finance Corporation
(IFC), a member of the World Bank Group, is the largest
global development institute focused on supporting the
private sector in emerging economies. Through its work with
more than 2,000 companies worldwide, IFC mobilizes capital,
expertise, and influence to create markets and opportunities
for developing countries. The objective of the IFC Central
Asia Tax Project is to improve compliance with mandatory
requirements of tax legislation through increased
transparency and simplification of tax administration
procedures. Simplification of tax accounting procedures will
reduce costs of tax compliance, lessen the administrative
burden on small and medium businesses, reduce barriers to
entry into the formal economy, and serve as a driver for
economic growth in the Kyrgyz Republic. The key element of
reforms is an immediate assessment of their efficiency and
possibility for adjustments based on assessment results.
With this view, IFC, through its technical assistance tax
reforms projects, has conducted a series of studies, which
help monitor the tax system reforming processes in the
Kyrgyz Republic. The main goal of the studies was a periodic
assessment of time and costs to taxpayers in the Kyrgyz
Republic in complying with the mandatory requirements of the
tax legislation. Equitable intervals of measurements allowed
an immediate assessment of the impact of implemented tax
reforms on the cost of taxpayers to comply with tax
legislation. In addition, actual data on the tax system
status helped elaborate concise recommendations for the
Government with the focus on elimination of identified
issues and reduction of the tax administration costs to
businesses. This report outlines the results of all three
rounds of business environment surveys in the area of tax
regulation; it includes the estimates of tax accounting
costs of taxpayers in the Kyrgyz Republic in 2012, 2014, and 2016. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Assessment of Tax Compliance Costs for Businesses in the Kyrgyz Republic |
| title_short |
Assessment of Tax Compliance Costs for Businesses in the Kyrgyz Republic |
| title_full |
Assessment of Tax Compliance Costs for Businesses in the Kyrgyz Republic |
| title_fullStr |
Assessment of Tax Compliance Costs for Businesses in the Kyrgyz Republic |
| title_full_unstemmed |
Assessment of Tax Compliance Costs for Businesses in the Kyrgyz Republic |
| title_sort |
assessment of tax compliance costs for businesses in the kyrgyz republic |
| publisher |
World Bank, Bishkek |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/690711540541894216/Assessment-of-Tax-Compliance-Costs-for-Businesses-in-the-Kyrgyz-Republic http://hdl.handle.net/10986/30948 |
| _version_ |
1764473096235909120 |