The Ministry of Finance acts primarily as the supreme tax authority and is responsible for the country’s tax revenues. Therefore, the Ministry of Finance is responsible for the regional tax offices. The most profitable tax is VAT, which is currently 10%. There are no reduced VAT rates in Tukastan.
Furthermore, the Tukastan State Bank is assigned to the Ministry of Finance, which administers the state funds and is supposed to ensure currency stability. Affiliated to the State Bank is the National Printing House, where the banknotes of the national currency are printed. President Al-Hullain is Chairman of the bank’s supervisory board.
