The Ministry of Finance introduced amendments (Decree no. 289 dated 20 March 2023) to the rules for excess value added tax (VAT) refund—effective 7 April 2023.
The amendments include exceptions to the procedure for the verification of suppliers of goods and services using the analytical “Pyramid” report. Specifically, tax violations identified as a result of the Pyramid report will not affect the confirmation of the accuracy of the excess VAT amount, if:
- The understatement of the VAT amount identified by comparing the supplier’s VAT declaration and issued electronic VAT invoices does not exceed 10 times the monthly index…
Source: KPMG
Latest Posts in "Kazakhstan"
- Kazakhstan Introduces New VAT Credit Allocation Mechanism in the E‑Invoicing System
- Proposed Tax Code Amendments Seek to Reinstate VAT Exemption for Factoring Transactions
- Patch 3.0.71.1: ISNA VAT Form 300.00 JSON Fixes for 2025-2026 in 1C Accounting
- VAT Evasion Schemes by Microfinance Organizations Uncovered: 55.9 Billion Tenge Hidden Turnover Detected
- Kazakhstan Amends VAT Declaration Form, Simplifies Refunds, and Expands Restrictions on Claims
