Super patent’ could make life of Tajik entrepreneurs easier and increase tax proceeds to country’s budget: IFC experts

DUSHANBE, September 18, Asia-Plus — International Finance Corporation (IFC) proposes to introduce  a new type of patent for individual entrepreneurs in Tajikistan – so-called “super-patent that would accumulate three types of taxes.  Super-patent is a fixed payment that includes income tax, social tax and retail tax.  According to IFC experts, the super-patent system  is simple.  Paying […]

Malika Rakhmanova

DUSHANBE, September 18, Asia-Plus — International Finance Corporation (IFC) proposes to introduce  a new type of patent for individual entrepreneurs in Tajikistan – so-called “super-patent that would accumulate three types of taxes. 

Super-patent is a fixed payment that includes income tax, social tax and retail tax.  According to IFC experts, the super-patent system  is simple.  Paying for patent entrepreneur will not have to additionally pay the income, social and retail taxes.  These taxes will be included in the patent cost.    

The present patent system for individual entrepreneurs does not reduce administrative burden and eliminate unnecessary inspections.  One of shortcomings of the patent system in Tajikistan it is that it is granted for running only one type of activities and if entrepreneur wants to extend a range of his  activities he will have to apply for new patent 

Andrea Dall’Olio, the project manager of the IFC Tajikistan Business Enabling Environment Project, says that one of advantages of the super-patent is in its generality: it is granted for running several types of activities at once.

According to experts, the super-patent will not only make life of individual entrepreneurs easier but it will also increase tax proceeds to the country’s budget. 

The results of survey conducted by IFC Tajikistan have shown that 24 percent of local entrepreneurs conceal their incomes from taxation and practically every fourth entrepreneur working on the market does not have patent.  

 

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