The Government at Wednesday’s session adopted a report on the draft concept of tax reforms, in accordance with the 2021-2025 Tax System Reform Strategy, transmits MIA.
The strategy sets the main objectives of the tax reforms in terms of ensuring fair, efficient, transparent and modern tax system based on modern digital technologies and innovation in taxation to achieve accelerated, inclusive and sustainable economic growth, the Government said in a press release.
The strategy defines five priorities for tax policy makers and authorities that administer public revenues: greater fairness in taxation; higher efficiency and effectiveness of the tax system for better revenue collection; increased tax transparency; better quality of service; and introduction of “green” taxation.
“The Government conducts the preparation of the draft concept through the Ministry of Finance in a transparent and inclusive process, in line with the goals and priorities of the tax system reforms,” adds the press release.
