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Finance 19/04/2023 IMF mission studies tax risk management system
IMF mission studies tax risk management system

Tashkent, Uzbekistan (UzDaily.com) -- From 3 to 19 April, another mission of the International Monetary Fund, headed by a member of the IMF Expert Council Bruce Quigley, was held at the Tax Committee. 

The focus of attention of foreign experts was directed to the study of changes and analysis of progress in the work of the tax risk management system (Tax Compliance Risk Management), changes in the administration of VAT, as well as familiarization with the practice of pre-trial settlement of tax disputes.

The international expert emphasized that the tax authorities have done a lot of work, thanks to which the CRM system, which allows identifying taxpayers with a high risk of tax evasion, "turned out to be comprehensive and multilateral", and noted that the next stage is the task of determining what motives drive the desire of these taxpayers to evade paying taxes.

In the field of pre-trial settlement of tax disputes, the issues of improving the “system of checks and balances” in tax legal relations were touched upon, recommendations were made on the development of a “simple and transparent, officially approved document” regulating the main procedures that will be brought to the attention of all participants in the process.

During the meetings, emphasis was placed on the need to establish close cooperation with industry and sector business associations, build up human resources and strengthen the professional knowledge and skills of tax authorities.

Following the discussions, the IMF mission prepared an action plan to improve compliance in the tax area and submitted a preliminary report.

 

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