A regular issue of the journal on the Tax System of Turkmenistan appeared in print. The issue focuses on the simplified system of taxation for entrepreneurs, innovations, explanations and comments to them.
The introductory article says that the Resolution of the President of Turkmenistan "On improving the simplified system of taxation of individual entrepreneurs" that came into force in July this year, aims at creating the most favourable tax regime for small and medium-sized businesses in the country.
The document is designed to promote business initiative, improve business efficiency, and increase the volume of private production and thus – contribute to the successful implementation of the goals specified in the Programme of President of Turkmenistan on the socio-economic development in 2012-2016.
Improvement of the simplified system of taxation for individual entrepreneurs is aimed at creating the favourable investment environment for business and innovative manufacturing methods, supporting import-substituting and export-oriented industries, addressing important social issues, including the creation of new jobs and the implementation of a balanced pricing policy.
For the economy in general, the activities of private businesses is an important factor for increasing its flexibility given the changing economic situation in the world.
The list of activities under the simplified system of taxation includes new types. Among them are, first of all, the activities in the field of information technology: data processing, application programmes setting, the use of web-portals and Internet, etc. as well as consulting areas such as public affairs, business and management.
The simplified system of taxation also covers the sphere of services (including in the fields of sports and recreation), design works, photography and other forms of contemporary art. At the same time, a number of productive activities, mainly related to the construction and building materials, are excluded from the list.
Optimization of the tax regulations, simplification of the system of tax collection and decrease of the volume of accounting work have a positive effect on the development and strengthening of small and medium-sized businesses. Moreover, it promotes the further increase of the competitiveness of non-state sector of the Turkmen economy.
The section "Comments" presents the detailed reports and explanations on the specific provisions of the updated simplified system of taxation for entrepreneurs, prepared by experts of the Main State Tax Service of Turkmenistan. A lot of useful information on the tax administration and enforcement of tax legislation in a particular situation is provided under the heading "Questions and Answers".
Thus, the financial and economic journal allows readers not only to keep updated on the latest changes in the tax system, but also to obtain competent legal assistance from experienced professionals. The journal is published in the Turkmen, Russian and English languages.
The introductory article says that the Resolution of the President of Turkmenistan "On improving the simplified system of taxation of individual entrepreneurs" that came into force in July this year, aims at creating the most favourable tax regime for small and medium-sized businesses in the country.
The document is designed to promote business initiative, improve business efficiency, and increase the volume of private production and thus – contribute to the successful implementation of the goals specified in the Programme of President of Turkmenistan on the socio-economic development in 2012-2016.
Improvement of the simplified system of taxation for individual entrepreneurs is aimed at creating the favourable investment environment for business and innovative manufacturing methods, supporting import-substituting and export-oriented industries, addressing important social issues, including the creation of new jobs and the implementation of a balanced pricing policy.
For the economy in general, the activities of private businesses is an important factor for increasing its flexibility given the changing economic situation in the world.
The list of activities under the simplified system of taxation includes new types. Among them are, first of all, the activities in the field of information technology: data processing, application programmes setting, the use of web-portals and Internet, etc. as well as consulting areas such as public affairs, business and management.
The simplified system of taxation also covers the sphere of services (including in the fields of sports and recreation), design works, photography and other forms of contemporary art. At the same time, a number of productive activities, mainly related to the construction and building materials, are excluded from the list.
Optimization of the tax regulations, simplification of the system of tax collection and decrease of the volume of accounting work have a positive effect on the development and strengthening of small and medium-sized businesses. Moreover, it promotes the further increase of the competitiveness of non-state sector of the Turkmen economy.
The section "Comments" presents the detailed reports and explanations on the specific provisions of the updated simplified system of taxation for entrepreneurs, prepared by experts of the Main State Tax Service of Turkmenistan. A lot of useful information on the tax administration and enforcement of tax legislation in a particular situation is provided under the heading "Questions and Answers".
Thus, the financial and economic journal allows readers not only to keep updated on the latest changes in the tax system, but also to obtain competent legal assistance from experienced professionals. The journal is published in the Turkmen, Russian and English languages.
