EUROBAK Committees 2017-2018 | Page 24

Tax Committee Report Doniyorbek Zulunov Tax Committee Co-Chairperson Дониёрбек Зулунов Сопредседатель Комитета по вопросам налогообложения The issues of tax and customs legislation and administration are particularly important to the business community in light of the forthcoming reforms in this area. The main objective of the committee is to consolidate EUROBAK members’ recommendations and interaction with state bodies on issues of improving the current legislative and regulatory environment as well as discussing development. During the reporting period, the committee worked on a wide range of issues, such as changes in appeal procedure of tax audits, tax administration development trends and the new proposed Tax Code. The business community welcomes the aspiration of the Republic of Kazakhstan to bring the legislation and regulation in compliance with OECD standards. EUROBAK member companies proactively share the best international practices on various taxation and administration issues, aiming to support state bodies during the reform process, as well as appealing to the proposed changes, which, in the opinion of member companies, may not correspond to the best international practices. EUROBAK will continue its active interaction with state bodies on conceptual directions of the taxation reform. We believe that the taxation system will be effective only in combination with its effective administration. The tax and customs administration impacts the country’s investment attractiveness, since it is connected with the efficiency of business processes, as well as the transparency and predictability of the regulatory environment. In this regard, the committee will continue its work on development of recommendations for a number of issues important to the business community, such as exclusion of criminal liability for tax offences in the case of voluntary payment of taxes and penalties; improvement of tax legislation and law- enforcement practices with respect to transactions with fraudulent companies; the reform on indirect taxation according to best international practices (e.g. OECD member countries). Events May 2016-June 2017 Tax Committee meetings devoted to key topics: · Changes in appeal procedure of tax audits · Tax administration development trends · New proposed Tax Code concept Special events: · Forum with Daulet Yergozhin, Chairman of the State Revenue Committee of the Ministry of Finance of RK · Round table with Timur Suleimenov, Minister of National Economy of RK Special projects: · Letters to the Ministries on e-invoicing, representative offices status · Presentation of the position paper on tax issues to the Prime Minister of RK Plans Plans for the near future include preparation of comments to the draft concept of the new Tax Code to be submitted to the Ministry of National Economy of RK and a request to meet or hold a round table with the Chairman of the State Revenue Committee of the Ministry of Finance of RK. We would like to express our gratitude to the Ministry of National Economy of RK and, personally, to the Minister Timur Suleimenov, and the State Revenue Committee of the Ministry of Finance of RK as well as personally to Daulet Yergozhin, then the Chairman of the Committee, for their readiness to have an open and constructive dialogue with EUROBAK member companies. We would also like to thank the members of EUROBAK for supporting the committee’s initiatives and their active involvement. With your help, we have conducted seven discussion meetings where more than 300 people having participated.