In the Kyrgyz Republic, IFC has worked to improve compliance with mandatory requirements of tax legislation through better transparency and simplification of tax administration procedures. Simplification of tax accounting procedures will allow to reduce costs of tax compliance, lessen the administrative burden on small and medium businesses, reduce barriers to exit of budding entrepreneurs from the formal economy, and serve as a driver for economic growth in the Kyrgyz Republic. The key element of reforms is an immediate assessment of their efficiency and possibility for adjustments based on assessment results.
With this view, IFC has conducted a series of studies, which allow to monitor the tax system reforming processes in the Kyrgyz Republic. The main goal of the studies was a periodic assessment of time and costs of taxpayers in the country to comply with the mandatory requirements of the tax legislation.
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