News

Ruslan Beketaev, EEC Minister in charge of Economy and Financial Policy, informed on the role of digitalization in the field of taxation and tax administration in the Eurasian Economic Union countries, at the 28th meeting of the Coordinating Council of Heads of Tax Services of the CIS Member States held on October 8 via videoconferencing. 

The EEC Minister has noted that the penetration of digital technologies into every aspect of human life plays an oversize role in forming a transparent ecosystem of tax authorities and taxpayers of the EAEU countries, contributing to the establishment of a partnership dialogue between the State and the business community, reducing the administrative burden and, as a result, increasing tax payments.

"The labor costs of the EAEU countries’ companies are reduced due to digitizing tax processes. For example, the costs for supporting tax audits decreased by 30% in the Russian Federation. At the same time, budget revenues increased by 2.9 trn rubles (by more than 29%) over 6 months of this year. Tax revenues to the budget of the Republic of Kazakhstan increased by almost 32% over the same period. And tax payments to the budget of the Republic of Armenia are planned to grow by almost 18% in 2021", Ruslan Beketaev reported.

The EEC Minister has also stressed that nowadays the EEC, jointly with the EAEU countries, is actively engaged on introducing a traceability system for goods imported into the single customs territory which should become one of the tools to combat shadow economy and tax evasion.