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 World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk.
more »
The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis.
more »
Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased.
more »
According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions.
more »
The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey.
more »
On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107.
more »
Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures.
more »
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
more »
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA).
more »