Kazakhstan moves up in World Bank’s Paying Taxes 2010 rating

December 7. Interfax-Kazakhstan

Kazakhstan moves up in World Bank’s Paying Taxes 2010 ratingKazakhstan has been ranked 39th among 183 countries in the World Bank’s Paying Taxes 2010 study, Munaver Sultan, the bank’s Chief Specialist on Public Administration, said in a statement.

“Kazakhstan has been ranked 39th in the study. Kazakhstan has significantly improved its position in the ranking since 2008, although it initially started off quite well,” he said presenting the study in Almaty on Monday.

The World Bank conducted the study in partnership with PricewaterhouseCoopers (PwC).

According to a PwC partner Richard Bregoni, Kazakhstan has managed to improve its positions due to amendments to the tax legislation introduced in 2009. “Kazakhstan has taken a good 39th place, and we would see more improvements as Kazakhstan was ranked 52nd just last year. It was largely the result of the tax changes introduced in 2009,” he said.

According to the study, total tax rate in Kazakhstan went down by 36% in 2009 and shrank by another 29.6% in 2010. At the same time Kazakhstan has a considerably low number of tax payments – 9 a year (Kazakhstan was ranked 29th on the number of tax payments).

At the same time, the authors of the study noted that Kazakhstan could reduce the time spent on the execution of payments, which has not changed since 2009 remaining at 271 hours (115th place).

Paying Taxes 2010, a joint publication of the World Bank, International Finance Corporation and PricewaterhouseCoopers, measures the ease of paying taxes in 183 economies around the world from the viewpoint of a domestic small to medium-size manufacturer and retailer. More specifically, the indicator covers the cost of taxes borne by the case study company and the administrative burden of tax compliance for the firm.

http://www.interfax.kz/?lang=eng&int_id=10&news_id=3940

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