Tax policy is defined as one of priority spheres of the state life as it is directly related to provision of developed social infrastructure in the country, activity of public health, education, living and public services facilities, realization of national economic programmes and large-scale industrial projects.
These are also pensions, children allowances, social support of families having many children and disabled persons, beautification of town and village territories, organization of leisure, cultural and sport events and many other things, for which budget means from tax payments are drawn. Tax revenues improve security, financial stability and independence of the state, sustainability of its economic system against negative impact of global crisis what is very important today.
That is why, in the context of large-scale transformation programmes initiated by the Leader of the Nation, our country undertakes the work for improvement of national tax legislation in accordance with time demands, tasks for simplification of tax system, which would be clearly understood not only by tax department personnel but also by taxpayers, whose rights and interests are protected by the state, are being solved.
The main mission of professional magazine published by the Central State Tax Service of Turkmenistan is to explain provisions and new introductions, formation of responsible civil position in relation to timely and complete payment of taxes, establishment of tax culture and improvement of tax competence of the population. Publications of the magazine allows analysts and experts to understand better the components of economic potential of the country, reveal prepositions and phenomenon of its fast move forward.
Regular issue of “Taxation system of Turkmenistan” is opened by the review of this sphere for 25 years of independent development of our country. It describe the role of taxes as a tool of realization and support of general social and economic policy, their influence on processes of formation of market relations on the background of mentioned facts. Article “Development of tax system of Turkmenistan during years of great targets and high achievements” defines main stages of formation of own model of tax policy, its improvement accounting specific targets and conditions.
There are increase of production of domestic goods, entry to new external markets, stimulation of investments to industrial sector, support of entrepreneurship, income growth of the population and provision of high standards of social guarantees, support of high financially solvent consumer demand.
The Provision of the Tax Code of the country are developed taking into account international tax practice, features of national economy and existing legal acts. The Constitution of Turkmenistan is defined as its main political foundation.
At the same time, it is mentioned that taxation system has constantly been optimized including reduction of taxes. Number of applied taxes was reduced and thus, six types of taxes and 5 types of local duties were defined in the Code.
While being simple and clear, the tax legislation determines the calculation of taxes and provisions, which have to be used by the taxpayers at constitutional obligations for tax payments.
Tax policy of our country from one hand stipulates improvement of methods and intensification of control for compliance to tax legislation, realization of measures for tax payments, and from another hand, it is aimed at reduction of tax load, stimulation of investment activity of strategy branches of the industry, at protection of interests and support of individual entrepreneurs.
It is visual evidenced by tax breaks presented in agricultural sphere. For example, enterprises of this field are exempted from tax on property, corporate income tax. The same situation is in educational, public health spheres, pharmacology and rehabilitation field. Besides, the citizens, who require social support by some reasons, are completely or partially exempted from taxes in Turkmenistan.
All food products of first necessity are exempted from value added tax at all stages of realization. It exerts positive influence on non-admittance of price growth of food products of everyday use. The added value tax is also not paid during realization of handmade carpets and carpet items, Sarajin wool of spring cut and yarn of this wool. All these measures are aimed at support of development of national carpet weaving art, which is based on tireless work of Turkmen weavers.
Related tax exemptions are defined for activity in National tourist zone “Avaza”. Speaking another words, state taxes from certain part of the incomes of enterprises, entrepreneurs and citizens are used for development of industrial and social infrastructure, financing of some branches and projects requiring large investments. Law tariffs for gas, water, power, social and transport services, regularly increased salaries, student grants, pensions and allowances, all of those are included into the complex of state measures for social support of the population.
It may be stated that despite reduction of number of taxes in accordance with existing legislation and cut of tax rate, the plan for the State Budget revenue is being successfully executed what speaks for high efficiency of national taxation policy. As main effect of the taxation is achieved outside the sphere of tax relations; it is not important how the taxes are being collected but how and for what they are being spent.
Traditional section “Comments” continues the issue of the magazine where competent explanations and consultations on implementation of some provisions of the Tax Code of Turkmenistan with regards to calculations and payment of taxes, in particular, to taxation of private individuals carrying out joint venture activity and application of simplified system of taxation to them. The message of the Central State Tax Service and the Ministry of Finances as well as information on taxation of owners of car parking and other was published as response to coming requests concerning free handover of goods (works and services) to budget organizations.
Various useful information is published in “Questions – Answers” section, presenting some sort of express workshop for study of special features of tax administration and application of tax legislation in this or that specific situation.
Thus, financial and economic publication gives opportunity to wide circle of readers not only to be aware of the latest amendments in taxation system but also to receive qualified legal aid from experienced specialists. The magazine continues formation of special space of professional communication between tax departments, consultants and taxpayers.
Every issue of department issue demonstrate how tax system of the country transforms into the mechanism of balanced economic growth and social development establishing prepositions for production sphere, investment and innovative activity as well as improvement of life quality of the Turkmen people.
Information and legal content-richness of “Taxation System of Turkmenistan” magazine, published in Turkmen, English and Russian Languages, corresponds with strict design of the issue made in modern business-like style.
These are also pensions, children allowances, social support of families having many children and disabled persons, beautification of town and village territories, organization of leisure, cultural and sport events and many other things, for which budget means from tax payments are drawn. Tax revenues improve security, financial stability and independence of the state, sustainability of its economic system against negative impact of global crisis what is very important today.
That is why, in the context of large-scale transformation programmes initiated by the Leader of the Nation, our country undertakes the work for improvement of national tax legislation in accordance with time demands, tasks for simplification of tax system, which would be clearly understood not only by tax department personnel but also by taxpayers, whose rights and interests are protected by the state, are being solved.
The main mission of professional magazine published by the Central State Tax Service of Turkmenistan is to explain provisions and new introductions, formation of responsible civil position in relation to timely and complete payment of taxes, establishment of tax culture and improvement of tax competence of the population. Publications of the magazine allows analysts and experts to understand better the components of economic potential of the country, reveal prepositions and phenomenon of its fast move forward.
Regular issue of “Taxation system of Turkmenistan” is opened by the review of this sphere for 25 years of independent development of our country. It describe the role of taxes as a tool of realization and support of general social and economic policy, their influence on processes of formation of market relations on the background of mentioned facts. Article “Development of tax system of Turkmenistan during years of great targets and high achievements” defines main stages of formation of own model of tax policy, its improvement accounting specific targets and conditions.
There are increase of production of domestic goods, entry to new external markets, stimulation of investments to industrial sector, support of entrepreneurship, income growth of the population and provision of high standards of social guarantees, support of high financially solvent consumer demand.
The Provision of the Tax Code of the country are developed taking into account international tax practice, features of national economy and existing legal acts. The Constitution of Turkmenistan is defined as its main political foundation.
At the same time, it is mentioned that taxation system has constantly been optimized including reduction of taxes. Number of applied taxes was reduced and thus, six types of taxes and 5 types of local duties were defined in the Code.
While being simple and clear, the tax legislation determines the calculation of taxes and provisions, which have to be used by the taxpayers at constitutional obligations for tax payments.
Tax policy of our country from one hand stipulates improvement of methods and intensification of control for compliance to tax legislation, realization of measures for tax payments, and from another hand, it is aimed at reduction of tax load, stimulation of investment activity of strategy branches of the industry, at protection of interests and support of individual entrepreneurs.
It is visual evidenced by tax breaks presented in agricultural sphere. For example, enterprises of this field are exempted from tax on property, corporate income tax. The same situation is in educational, public health spheres, pharmacology and rehabilitation field. Besides, the citizens, who require social support by some reasons, are completely or partially exempted from taxes in Turkmenistan.
All food products of first necessity are exempted from value added tax at all stages of realization. It exerts positive influence on non-admittance of price growth of food products of everyday use. The added value tax is also not paid during realization of handmade carpets and carpet items, Sarajin wool of spring cut and yarn of this wool. All these measures are aimed at support of development of national carpet weaving art, which is based on tireless work of Turkmen weavers.
Related tax exemptions are defined for activity in National tourist zone “Avaza”. Speaking another words, state taxes from certain part of the incomes of enterprises, entrepreneurs and citizens are used for development of industrial and social infrastructure, financing of some branches and projects requiring large investments. Law tariffs for gas, water, power, social and transport services, regularly increased salaries, student grants, pensions and allowances, all of those are included into the complex of state measures for social support of the population.
It may be stated that despite reduction of number of taxes in accordance with existing legislation and cut of tax rate, the plan for the State Budget revenue is being successfully executed what speaks for high efficiency of national taxation policy. As main effect of the taxation is achieved outside the sphere of tax relations; it is not important how the taxes are being collected but how and for what they are being spent.
Traditional section “Comments” continues the issue of the magazine where competent explanations and consultations on implementation of some provisions of the Tax Code of Turkmenistan with regards to calculations and payment of taxes, in particular, to taxation of private individuals carrying out joint venture activity and application of simplified system of taxation to them. The message of the Central State Tax Service and the Ministry of Finances as well as information on taxation of owners of car parking and other was published as response to coming requests concerning free handover of goods (works and services) to budget organizations.
Various useful information is published in “Questions – Answers” section, presenting some sort of express workshop for study of special features of tax administration and application of tax legislation in this or that specific situation.
Thus, financial and economic publication gives opportunity to wide circle of readers not only to be aware of the latest amendments in taxation system but also to receive qualified legal aid from experienced specialists. The magazine continues formation of special space of professional communication between tax departments, consultants and taxpayers.
Every issue of department issue demonstrate how tax system of the country transforms into the mechanism of balanced economic growth and social development establishing prepositions for production sphere, investment and innovative activity as well as improvement of life quality of the Turkmen people.
Information and legal content-richness of “Taxation System of Turkmenistan” magazine, published in Turkmen, English and Russian Languages, corresponds with strict design of the issue made in modern business-like style.
