IBC Fiscal Policy Committee reviews tax reform in the Kyrgyz Republic

Members of the IBC Fiscal Policy Committee discussed interaction with government bodies on June 11.

To increase the efficiency of cooperation with government agencies, it is necessary to involve experts to develop changes to the legislation on contributions to the Social Fund, said Committee Chairperson Yulia Abdumanapova.

Issues on tax sanctions and participation of IBC members in pilot projects on electronic invoices and virtual cash registers were considered.

The meeting participants also discussed the draft laws developed by the IBC initiative group. The Committee continues to actively participate in the development of proposals and amendments to draft laws on electronic invoices, state social insurance and on lotteries (on the regulation of incentive lotteries).