Uzbekistan implements new tax audit project together with IMF

Finance Materials 26 December 2019 13:41 (UTC +04:00)
Uzbekistan implements new tax audit project together with IMF

BAKU, Azerbaijan, Dec. 26

By Fakhri Vakilov - Trend:

The State Tax Committee of Uzbekistan (STC), together with the International Monetary Fund (IMF), has developed a draft tax audit guide, Trend reports citing the STC press service.

In the process of its development, Uzbek experts were based on international experience and international standards of tax audit, thanks to which it was possible to create a draft guideline that radically differs from the previous one.

Starting from 2020, tax audits will be carried out in an automated form. The implemented risk analysis system will be conducted without human intervention.

According to the new audit format, large-scale pre-audit work will be preliminarily carried out. It is designed to identify how generally validated by the verification itself.

The involvement of international experts in this project is dictated by the need to develop high-quality tax audit guidelines.

With the new form of tax audit, the factors of accountability and transparency are particularly reinforced. Also, according to various criteria, a system of audit tests has been introduced.

The tax committee has already planned to test this type of audit on individual taxpayers and thereby determine its validity and effectiveness. The category of taxpayers, however, is not specified.


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