Forms of tax reporting

The New Technologies Scientific and Information Center, with financial support from UNDP, has developed a software package “Receipt and Processing of Tax Returns and Taxpayer Financial Reporting for Generating Statistical Reports by State Tax Service Bodies” per order of the State Tax Committee of Uzbekistan.

The objective of developing the package is to streamline the submission of tax returns and financial reports in connection with reducing the influence of subjective factors on this process. This development accomplishes two tasks:

Automates processes of generating taxpayer tax returns and financial reports electronically;
Automates receipt of and processing by tax bodies of taxpayer tax returns and financial reports.
Implementation of these tasks should make it possible for:

Taxpayers to:

· Reduce total time spent preparing and submitting reports;

· Enhance the timeliness of updating reporting forms;

· Reduce the number of errors in preparing reports by using software packages to proofread and check output documents;

· Reduce the significance of the human factor in accepting reporting (increase objectiveness of assessing reports and speed up their acceptance).

Tax authorities to:

· Reduce total time spent accepting taxpayer reports;

· Quickly update and provide reporting forms to taxpayers;

· Reduce the number of errors in preparing reports by using software packages to proofread and check output documents;

· Place more emphasis on analytical work as a result of capability to receive tax returns and financial reports in electronic format.

Experimental software package has been implemented in some districts of the city of Tashkent as of the 2nd quarter of 2006.

Automation prospects:

Prospects for the creation of an integrated taxpayer database by merging information flows related to financial and business activities from business entities themselves and from other sources are under discussion. The database would integrate tax, customs, and statistical reporting as well as banking information bearing on a taxpayer’s meeting his or her tax obligations. The new database will introduce modern risk analysis capabilities, cut costs, and qualitatively improve tax oversight and administration.