- The Committee of State Revenues of the Ministry of Finance of the Republic of Kazakhstan has developed a draft order on excluding excessive VAT refunds to dishonest suppliers.
- The project aims to prevent illegal and excessive VAT refunds from the budget in cases where suppliers have not actually paid the VAT.
- Proposed amendments aim to prevent excessive VAT refunds to dishonest suppliers by making changes to the rules for VAT refunds and risk management systems.
- The draft order includes changes to the existing rules for VAT refunds, such as adjustments to the verification process for VAT amounts and criteria for risk assessment.
- The draft order also includes specific changes to certain sections, such as section 52, which outlines the procedures for verifying VAT amounts in cases of tax violations by suppliers.
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.
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