Kazakhstan needs a new tax policy, President Kassym-Jomart Tokayev said at a meeting with representatives of major business circles of the country, TurkicWorld reports on Jan. 21 via Akorda.
"We have data from specialized authorities, according to which high-profited giants evade full payment of taxes under various pretexts. I’m ordering the prime minister to finally resolve this problem and provide the treasury with the means due to it," Tokayev said.
Speaking about an effective tax policy, he reminded that by the end of 2020, state budget revenues amounted to $34.6 billion (14.6 trillion tenge) or 20 percent of GDP.
"This is clearly not enough to solve the most important state tasks. In the OECD countries, state budget revenues reach 40-50 percent of GDP. Even in our closest neighbor countries, this ratio is much higher: Ukraine - 40 percent, Russia - 35.4 percent, and Kyrgyzstan - 31 percent," he noted.