In early March 2013 the Government of the Kyrgyz Republic decided to transfer the fiscal policy functions from the Ministry of Economy to the Ministry of Finance. The business community reacted negatively to this decision, thinking that it was dictated by International Monetary Fund (IMF), and in fact hands over to IMF some functions of fiscal policy elaboration and administering. Business community sent a letter to President Almazbek Atambayev and Prime Minister Jantoro Satybaldiev.
Lately the Ministry of Finance has initiated a few amendments to the fiscal legislation, which confirmed fears of business community.
Here are the suggested changes:
Attached you can find the full commentary of Tatiana Kim, the Chairman of Chamber of Tax Consultants and Public Advisory Council under the State Tax Service (available in Russian language only).