Kazakhstan intends to increase taxes income to 25% of GDP
Baku, Azerbaijan, Jan. 28
By Rashid Shirinov – Trend:
Kazakhstan intends to increase tax collection to 25 percent of GDP by 2025, Trend reports referring to the Kazakh media.
"By analyzing big data, the risk management system (RMS) allows identifying new areas of risk and automating selection processes, categorizing taxpayers, and identifying violations of tax and customs legislation," Kazakh Finance Minister Alikhan Smailov said.
He noted that the risk models developed on the basis of the RMS information system made it possible to eliminate manual data processing, automate business processes, reduce working time costs for data processing from 2 months to 2 days and, at the same time, get a higher effect from the results.
"We have set an ambitious goal to increase tax collection from 16.9 percent of GDP in 2018 to 25 percent in 2025. In absolute terms, this will give a monetary effect of 5.5 trillion tenge by 2025, thanks to digitalization of tax and customs administration", Smailov added.
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