TAJIK PARLIAMENT PASSES TAX, CUSTOMS CODES
Published:
5 November 2004 y., Friday
Tajikistan's Majlisi Namoyandagon (lower chamber of parliament) passed a new Tax Code and Customs Code on 3 November. The new Tax Code introduces a two-tier income tax with rates of 8 percent for those who earn less than 100 somonis a month ($36), and 13 percent for those who earn more, Avesta reported.
Tax Minister Ghulom Boboev told the news agency that the tax code has been simplified and improved. "Agricultural producers will pay a single land tax instead of six-seven taxes," he said. "Rates have been reduced for income taxes and tax on profit. There are incentives for foreign and domestic investors." But economist Hojimuhammad Umarov told RFE/RL's Tajik Service that high rates in the new code will force businesses to conceal revenues, leading to increased corruption.
Šaltinis:
RFE/RL's Tajik Service
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission launched "The ocean of tomorrow " call for research proposals. Oceans cover about 70% of the Earth's surface, but human activity is increasing environmental pressure on them.
more »
The EBRD is stepping up its support to the real economy in Georgia with new funds for on-lending to local businesses.
more »
Lithuania’s Ambassador to Germany and Special Representative for EU External Relations in the German Foreign Office discussed the situation regarding the decision of private credit insurance company in Germany Euler Hermes to apply the rating of a maximum risk country for Lithuania.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
The European Commission has approved 16 programmes in 12 Member States to provide information on and to promote agricultural products in the European Union.
more »
New measures to help farmers through recession as milk prices tumble.
more »
Federal Reserve Chairman Ben Bernanke said the outlook for the long-suffering U.S. economy appears to be improving.
more »
The Swiss Government and the EBRD are providing €11.8 million to improve the supply of water to some 1 million people living in Bishkek, the capital of the Kyrgyz Republic.
more »
The Neighbourhood Investment Facility (NIF), a key instrument of the intensified European Neighbourhood Policy (ENP), will benefit in 2009 from a €70 million contribution by the European Commission.
more »
In response to the impact of the global crisis on the Romanian construction sector, the EBRD is supporting Lafarge Ciment (Romania) S.A. with a €20 million loan in Romanian lei to finance the company’s operations and to support its working capital requirements.
more »