Turkmenistan to create e-tax system

Finance Materials 18 January 2020 14:33 (UTC +04:00)
Turkmenistan to create e-tax system

ASHGABAT, Turkmenistan, Jan. 18

By Huseyn Hasanov – Trend:

Turkmenistan is working on the creation of electronic tax (e-tax) system, which will be included to the document flow of the tax administration and subordinate organizations of the Ministry of Economy and Finance, Trend reports referring to national TV channel Altyn Asyr.

This issue was discussed at a government meeting.

The new system is designed to optimize taxation activities, Vice Chairman of Turkmenistan’s Cabinet of Ministers Gocmyrat Myradov said.

As reported, Turkmenistan’s President Gurbanguly Berdimuhamedov signed a decree on approving the structure of the Central balance commission under the Ministry of Finance and Economics of Turkmenistan. The document is aimed at ensuring financial stability and increasing solvency.

Since the beginning of 2020, the implementation of the Concept of Development of Digital Economy developed for the period up to 2025, has begun in Turkmenistan.

The concept represents a roadmap for the technological transformation of all sectors and their public administration, the formation of a knowledge economy based on the country's resource and production potential.