Kazakhstan and Hungary look to modernize tax administration
Baku, Azerbaijan, May 1
Ministry of Finance of Kazakhstan and Hungary are to cooperate on the digitalization of the tax and customs administration sphere, Trend reports via the Ministry of Finance of Kazakhstan.
The meeting on the topic was held in Nur-Sultan (former Astana) between Berik Sholpankulov, Vice Minister of Finance of the Republic of Kazakhstan and Mihály Varga, the Minister of Finance of Hungary.
The parties got acquainted with the structure of the two institutions, discussed the macroeconomic situation of both countries, as well as the further finance market cooperation.
The especial importance of the digitalization of the tax and customs administration sphere was displayed. With an idea of the experience-sharing a memorandum of understanding on cooperation in the digitalization of the tax and customs administration sphere was signed.
At the end of the meeting both parties noted that they look forward to the successful cooperation of two countries.
Kazakhstan is among major trading partners of Hungary. In 2018 the goods turnover amounted to $139.2 million ($26.2 million accounted for export and $113 million accounted for import), while in 2017 it totaled $156.4 million (according to the customs statistics).