DUSHANBE, March 31, 2011, Asia-Plus -- Tajik parliament yesterday adopted the law on “The National Bank of Tajikistan” in new edition.

This law exempts Tajik central bank from paying the minimum enterprise income tax and the legal entity profit tax.

Presenting the draft law, Sharif Rahimzoda, chairman of the National Bank of Tajikistan (NBT), noted that central bank was exempted from paying the mentioned taxes, because at the end of fiscal year, the bank’s incomes were transferred to the national budget.

“Monthly, these payments are inconsiderable,” said Rahimzoda, “The minimum tax on the bank’s income last month, for example, amounted to only 93,000 somoni.  Therefore, it would be better to wait until the end of year.  If we finish the year with incomes, they will be transferred to the national budget, but if there are losses, they must be repaired by the government within a three-month period as the new legislation requires.”

The Majlisi Namoyandagon also endorsed the draft law on “Liquidation of Credit Organization” yesterday.  According to the NBT head, this law promotes immediate response to bankruptcy of credit organization and acceleration of the process of their liquidation.