Scientific Discoveries

Author: Akmatova A. A.
Senior Lecturer Kyrgyz State University named after I. Arabaev Bishkek, Kyrgyzstan This email address is being protected from spambots. You need JavaScript enabled to view it.
Author: Mashrapova Sh. T.
Master's degree teacher Kyrgyz State University named after I. Arabaev Bishkek, Kyrgyzstan This email address is being protected from spambots. You need JavaScript enabled to view it.

IMPROVEMENT OF FINANCIAL CONTROL IN THE GARMENT INDUSTRY OF THE KYRGYZ REPUBLIC IN THE CONTEXT OF TAX REFORMS

Key words: financial control, clothing industry, tax reform, tax breaks, insurance premiums, informal employment, tax administration, staff turnover.

Annotation. This article presents a comprehensive analysis of changes in the taxation system of the clothing and textile industry in the Kyrgyz Republic and their impact on business legalization processes. The article examines the unification of tax payments and a significant reduction in the fiscal burden, which serve as key instruments for stimulating enterprises to exit the shadow sector and increasing the transparency of their activities. Particular attention is paid to the transformation of financial control functions: from a predominantly repressive model focused on identifying violators to a comprehensive system incorporating preventive, analytical, educational, and risk-based mechanisms. The paper analyzes the key problems of the industry, including high levels of informal employment, staff turnover, low levels of social protection for workers, and insufficient transparency of management processes, and also considers ways to overcome them through improved financial supervision. The article presents a detailed description of changes in taxation, their impact on the functioning of enterprises of various sizes, the specifics of adaptation to new economic conditions, and increased transparency of financial processes. The study demonstrates the close relationship between tax policy, employment legalization, respect for workers' labor and social rights, the effectiveness of financial control, and the sustainability of the industry in the current economic environment. Particular attention is paid to the role of an integrated approach to financial control as a mechanism for ensuring transparency, stable operation, and development of the clothing and textile industry in a transitional economy.