Kazakhstan

22 June Weekly Round-Up

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Check out the 22 June edition of the ITICnet.org Weekly Round-Up for more information on the following stories:

  • ITIC Mid-Year Board Luncheon/Diplomatic Dialogue Held in London
  • ITIC Participates in Congressional Roundtable on Illicit Trade
  • Comments Invited on New IGF-OECD Draft Toolkit
  • IMF Concludes Sri Lanka Article IV Consultation
  • WCO Holds Customs Workshops in Azerbaijan
  • Kazakhstan Signs OECD Multilateral Competent Authority Agreement
  • Transfer Pricing of Cash Pooling Arrangements (via TPweek.com)

8 June Weekly Round-Up

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The 8 June edition of the ITICnet.org Weekly Round-Up featured the following stories: 

  • UNCTAD Releases World Investment Report 2018
  • ITIC Hosts Eurasian Officials
  • ITIC Attends 20th Anniversary Astana Conference
  • Global Illicit Trade Environment Index Launched
  • IMF Concludes Article IV Consultation with Thailand
  • WCO and EAC Launch New Capacity Development Project
  • Germany and France Cooperate on CCTB
  • Brazil and Singapore Sign Double Taxation Treaty

Weekly Round-Up

This week's ITICnet.org Round-Up featured stories on:

  • ITIC's Tax Consultations held in Kazakhstan
  • The IMF's release of the analytical chapter on Digital Government
  • 14 Transfer Pricing Country Profiles released by the OECD
  • A WCO Workshop on Digital Customs and E-Commerce held in Zimbabwe
  • The new Corporate Tax Reform Bill proposed in The Philippines
  • The new IMF Working Paper: Tax Incentives in Cambodia

Weekly Round-Up

This week:

  • The OECD released a new study on "Governance Frameworks to Counter Illicit Trade"
  • The IMF published an end-of-mission press release following a staff visit to Kenya
  • Brazil announced intentions to collaborate with the OECD to align its transfer pricing regime
  • Kazakhstan announced a new system to track alcohol and oil production
  • The OECD launched a program in Egypt to enhance domestic resource mobilization
  • The IMF published a Staff Concluding Statement for Qatar
  • Anguilla became the 113th jurisdiction to join BEPS

Tracking Alcohol and Oil Production

The 2017 ITIC study on the development of modern revenue controls on alcoholic beverages concluded that, although there are some advantages to the introduction of these systems, tax stamps and the related checking equipment are a sub-optimal policy choice and should not be considered a stand-alone solution. Instead, the goals of curbing the illicit trade in alcohol and protecting tax revenues require a much wider package of effective monitoring, control, and enforcement measures.

Fiscal markers for hydrocarbon oil products can be very useful in enabling revenue authorities to track the flow of the different products through the supply chain to the retail stage with mobile units carrying out random tests to establish the authentic nature of the product at the retail sales point. These, too, need to be part of a comprehensive anti-illicit trade strategy that should include public awareness and support programmes as well as a national enforcement plan.

The Astana Time recently ran an article reporting on the new system Kazakhstan has launched to track alcohol and oil products: https://astanatimes.com/2018/03/kazakhstan-launches-new-system-to-track-alcohol-oil-product-production-distribution/