Within the framework of the mission, the World Bank experts led by Alma Kanani, the head of the World Bank’s Global Tax Department, presented their recommendations on further reforming the country’s tax system.

During the presentation, the participants of the mission noted the need to carry out reforms in conjunction with the capabilities of tax authorities for their administration, and to conduct it consistently, which will allow all participants to ensure predictability of tax reform.

Experts of the World Bank supported the abolition of mandatory contributions to state trust funds, which, in their opinion, contributes to increasing the competitiveness of the economy and creating favorable conditions for business entities.

At the same time, experts believe it expedient to keep the VAT rate and spread it to small business entities, as well as abolish the number criterion currently used.

To achieve a deficit-free budget, the mission considered the issue of a possible reduction of the property tax, while maintaining the VAT rate and increasing the income tax, as well as a detailed study of previously granted tax benefits for their effectiveness.

The World Bank Group mission expressed its willingness to provide technical assistance in carrying out reforms, including the preparation of the Tax Code, and developing the institutional capacity of financial and tax authorities.