Tajikistan is working out normative and legal acts to improve its tax and customs systems and make more effective preferences provided to investors.
Appropriate draft acts should be worked out and submitted for consideration to the Consultative Council on Improvement of Investment Climate under the President of Tajikistan until the end of this month, according to the State Committee on Investments and State-owned Property Management (GosKomInvest).
The GosKomInvest press center says the interagency group for improvement of tax and customs systems and efficiency of provided incentives is engaged in working out these documents. The first meeting of this group comprising representatives of relevant ministers and agencies took place in Dushanbe on June 6.
The main objective of this group is reportedly in preparing analytical reports and proposals, working out normative and legal acts on improvement of the tax and customs systems aimed at making more effective preferences provided to investors.
According to official information, favorable conditions have been created in Tajikistan to attract foreign investments, support market structures and develop commercial, financial and banking systems.
Meanwhile, investors themselves say they face a host of challenges, including a difficult legal environment, unpredictable policy and problems of security.
Thus, a Hong Kong English-language newspaper South China Morning Post in October last month sharply criticized the investment policy of official Beijing in in Central Asia’s nations, particularly in Tajikistan.
An article titled “Why Chinese Investors Are Struggling to Gain a Foothold in Tajikistan” that was published in South China Morning Post on October 7, 2017 notes that Tajikistan is one of first stops on ‘Belt and Road’, but legal difficulties, murky politics and security concerns pose obstacles to business.
