BAKU, Azerbaijan, November 24. In light of export restrictions by neighboring countries, Tajikistan in the upcoming year should seek ways to diversify import routes, Trend reports citing the Transmission Report 2022-2023 of the European Bank for Reconstruction and Development (EBRD).
According to the EBRD, Tajikistan's top priorities in 2023 should be to ensure price stability by managing food reserves in line with the best international practices, balancing market principles and the needs of vulnerable households.
Secondly, Tajikistan should continue to improve its tax administration and broaden the tax base to create space for development projects without crowding out social spending or putting debt sustainability at risk.
"Measures should include the adoption of a modern risk assessment methodology to guide audits, further simplification of tax reporting requirements, the harmonisation of tax and financial account reporting, the automation of selected taxpayer services, including the value added tax (VAT) refund system, and the gradual deployment of digital technologies, such as digital signatures," the ERBD said.
Furthermore, the authorities should accelerate infrastructure investment, which will open up new opportunities for Tajikistan to attract funding for the completion of the Rogun HPP and other infrastructure projects.