The Kazakh
government intends to strengthen the fight against the shadow economy. To this
end, by 2025, the illegal turnover in wholesale and retail trade will be
reduced to five percent and in the transport and warehousing sector to 2.4
percent. At the same time, there are plans to increase the share of small and
medium-sized businesses in the country's GDP to 37.5 percent. The corresponding
comprehensive action plan developed by the Financial Monitoring Agency and
approved by the Cabinet of Ministers is designed for the next two years.
Overall, there is a set of systemic measures aimed at combating the shadow
economy in the country. These measures are directed towards improving tax and
customs administration, effective competition and budget allocation, as well as
ensuring the population’s protection from illegal business. All this will
enhance the efficiency of customs inspections and streamline customs
procedures. Additionally, the country aims to reduce informal employment and
suppress illicit activities.
Editor: Aizhan
Related Articles
