WB to lend $17 million to Kazakhstan for tax administration reform

February 17. Interfax-Kazakhstan

WB to lend $17 million to Kazakhstan for tax administration reformThe World Bank’s Board of Executive Directors today approved a $17-million loan for tax administration reform, the bank said.

The project total value is estimated at $57 million, the share to be contributed by the Kazakh government is $40 million. The objective of the Tax Administration Reform Project is to reform and strengthen the tax administration.

“The project will have a positive impact on the business climate by improving client services, strengthening institutional and human capacity in the tax administration, reducing the burden of taxpayer compliance and reduce the potential for corruption,” said the World Bank’s regional vice-president for Central Asia, Motoo Konishi.

The tax committee of the Ministry of Finance will be supervising the progress of the project.

http://www.interfax.kz/?lang=eng&int_id=10&news_id=3290

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