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Development of the financial policy of the Eurasian economic union countries: tax harmonization

Author

Listed:
  • Artem Krasnov

    (Kyrgyz Russian Slavic University, Kyrgyzstan)

  • Aizada Okanova

    (Narxoz University, Kazakhstan)

  • Yana Yeraliyeva

    (Narxoz University, Kazakhstan)

  • Maral Kozhakhmetova

    (Narxoz University, Kazakhstan)

  • Alma Karshalova

    (Narxoz University, Kazakhstan)

  • Madina Aitkazina

    (Narxoz University, Kazakhstan)

Abstract

The paper presents an analysis of viewpoints in the debate concerning tax harmonization in integration unions and the results achieved in the Eurasian integration process, focusing on the specifics of taxation in the EAEU member states. The findings have led the author to conclude that there are considerable differences in taxation approaches and the rates of major budget-forming taxes and excises in the EAEU countries and non-tariff barriers still exist in product and services markets, which is an obstacle for mutual trade and access of excisable goods to the markets of union states. Measures to refine taxation systems are identified with a view to expanding budget revenues and ensuring the competitiveness and financial stability of the EAEU member states. Such measures include the establishment of a unified identification system for foreign trade operators (UISFTO), enhancement of electronic services, automation of information exchange between tax and customs authorities and implementation of new tax administration mechanisms in digital trade.

Suggested Citation

  • Artem Krasnov & Aizada Okanova & Yana Yeraliyeva & Maral Kozhakhmetova & Alma Karshalova & Madina Aitkazina, 2020. "Development of the financial policy of the Eurasian economic union countries: tax harmonization," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 138-149, September.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:138-149
    DOI: 10.9770/jesi.2020.8.1(9)
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    References listed on IDEAS

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    More about this item

    Keywords

    indirect taxation; VAT; excises; customs duties; double taxation; personal income taxation; tax administration;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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