- President Tokayev tasked the Committee of State Revenues of the Ministry of Finance of Kazakhstan with changing the situation of VAT administration without violating taxpayers’ rights
- The proposed program “E-Tamga” includes reducing the VAT tax period from 3 to 1 month, reducing the VAT refund period from 15 to 5 days, and paying VAT in advance
- However, this approach does not solve the issue of VAT non-payment and unfairly burdens honest entrepreneurs
- Founder of the “Uchet” group of companies, Maxim Baryshev, believes that the new system will negatively impact entrepreneurs’ liquidity and financial results
- Baryshev emphasizes the need for an open dialogue between the Ministry of Finance of Kazakhstan and entrepreneurs to develop effective and balanced solutions for business development and the economy as a whole.
Source: uchet.kz
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
