Kyrgyzstan, Kazakhstan to simplify tax administration processes in freight transportation sector

BISHKEK. Aug 22 (Interfax) - Kyrgyzstan and Kazakhstan have adopted two memoranda to simplify tax administration, the head of the Kyrgyz State Tax Service, Almambek Shykmamatov, told journalists on Friday.

"Today, two memoranda were signed with the Kazakh tax service, which will be implemented within two to three months," Shykmamatov said following a meeting of the Supreme Interstate Council of Kazakhstan and Kyrgyzstan.

The first document introduces an electronic queue for freight carriers when crossing the Kyrgyz-Kazakh border, he said. "In this way, favorable conditions are created for small and medium-sized businesses. A frenzy and queues at the border will not arise. Moreover, state bodies will be able to conduct tax administration in a simplified form," Shykmamatov said.

The second memorandum concerns the sealing and control of cargo via GPS. Any sealed goods and cargo will be tracked on Kyrgyz and Kazakh territory, which will allow fiscal authorities to administer tax and customs procedures in accordance with international standards and ensure their transparency.

The seventh meeting of the Supreme Interstate Council of Kazakhstan and Kyrgyzstan is taking place in Bishkek on Friday.