Description Of Local Tax System

1105 WordsJul 6, 20155 Pages
3.1. Description of local taxes system in Bishkek Taxation system in Bishkek is represented by four district Tax departments: Sverdlovskiy, Leninskiy, Pervmayskiy and Oktiabrskiy. Bishkek City Tax service supervises, coordinates, consolidates and analyses the aggregate information provided by district departments. District departments are authorized to set the forecast and execute the forecast collection independently. Tax revenues are transferred to Bishkek Financial Municipal office. National Tax Code of Kyrgyz Republic defines 2 tax levels: state and local. State taxes are at stake, the objects and subjects of taxation and collection methods are determined by the Tax code of the Kyrgyz Republic and which are applied throughout its territory. To state tax revenues include: 1) income tax; 2) the profit tax; 3) value added tax; 4) excise tax; 5) taxes for the use of subsoil; 6) sales tax. State taxes and other revenues may be received in the Republican and local budgets. Assignments to local authorities shall be prescribed by the Ministry of Finance. Stability standards established by other laws of the Kyrgyz Republic. The Law "On local self-government and local state administration" States that the norms of deductions from national taxes should be installed 1 time in 3 years (article 55). Article 34 of the Law "On basic principles of budget law in the Kyrgyz Republic", the norms of deductions from national taxes are not subject to change within three years. In local
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