Tax authorities to conduct extensive inspections in business entities across the country

According to the State Tax Committee (STC), currently the automated system “Tax Risk Detection, Analysis and Management” has identified areas with high levels of tax risk on the basis of 66 criteria. These are the spheres of construction, manufacturing, imports, services, trade and agriculture.

It was noted that in January 2021, entities engaged in the production and sale of construction materials did not pay 14 billion soums in taxes. As a result, the annual amount of losses to the State Budget may reach about 160-170 billion soums.

In January 2021, more than 22 billion soums of taxes were not paid by entities engaged in the production and sale of alcoholic beverages. This may result in losses to the State Budget on average 260-270 billion soums a year.

As of March 17, 2021, the State Tax Committee’s “Tax Risk Detection, Analysis and Management” system has identified more than 200 enterprises with extremely high levels of tax risk.

From April 20 this year, a phased tax audit will be conducted in these enterprises.

“Tax audits are not limited to the above activities. If a high level of risk of tax evasion is detected, a tax audit will be conducted in accordance with the requirements of applicable law.

Consequently, the published list can be supplemented with new entities at high risk of tax evasion based on the results of the automated system “Tax Risk Detection, Analysis and Management”, the State Tax Committee said.

Stages of tax audit:

• Phase I – from April 20, 2021, the state tax authorities will conduct a tax audit of 56 enterprises;
• Phase II – by July 1, 2021, 150 enterprises with high tax risk will be inspected;
• Phase III – from July 1, 2021, another 500-800 enterprises will be audited on the basis of initially identified data.

“Therefore, we ask all taxpayers to comply with the tax legislation and not to carry out “suspicious” transactions in order not to be included in the list of high-risk enterprises.

The procedure for organizing and conducting tax audits was approved by the resolution of the Cabinet of Ministers adopted on January 7, 2021,” the committee said.