Kazakhstan – Tax Administration Reform Project

WASHINGTON, February 16, 2010 - The World Bank’s Board of Executive Directors today approved the following project:

IBRD Loan: US$17 million

Terms: Maturity = 15 years; Grace Period = 5 years

Project ID: P116696

Project Description: The objective of the Tax Administration Reform Project is to reform and strengthen the tax administration in order to improve the level of voluntary compliance, enhance effectiveness to fight tax evasion, increase administrative efficiency, and reduce the potential for corruption. The project will have a positive impact on the business climate by improving client services, strengthening institutional and human capacity in the tax administration, and reducing the burden of taxpayer compliance.

Media Contact

Michael Jones

(202) 473-2588

mjones2@worldbank.org

For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P116696