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Tuesday 7 April 2015

Tajikistan Expected to Tax Offshore Companies


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DUSHANBE (Asia-Plus) – The Tax Committee under the Government of Tajikistan has begun imposing taxes on companies somehow connected with offshore zones.

The Tax Committee says that amendments have been made to the country’s tax code for the purpose of preventing tax evasion by companies registered in offshore zones or engaging in offshoring manufacturing or business services and owning shares in domestic companies or collaborating with domestic companies.

“For the purpose of taxation the list of offshore zones will be submitted for consideration to the Government and the National Bank of Tajikistan (NBT), which is authorized to combat money laundering”, the source says.

Besides, the amendments made to the tax code determine the procedure of taxation and rating for domestic companies carrying out transactions together with offshore companies.

The amendments reportedly took effect on April 1, 2015.

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