- Automated VAT Calculation Pilot Project: Kazakhstan is developing a pilot project for the automated calculation of value-added tax (VAT), aimed at informing taxpayers in advance about their estimated tax liabilities for the tax period.
- e-Tamga Service Implementation: The automated VAT calculation will utilize the e-Tamga service, which is designed to enhance transparency in tax accounting and simplify the VAT calculation process by providing taxpayers with advance data on their tax obligations.
- Concerns Over VAT Administration: Despite the advancements, experts like Maxim Baryshev express concerns that the e-Tamga system may not effectively address the issue of VAT non-payment and could potentially exacerbate the problem.
Source:
Posted on March 15, 2024
- Concerns Over e-Tamga System and VAT Non-Payment: Maxim Baryshev, founder of the Accounting Group, criticized the e-Tamga system’s proposals, asserting that they do not effectively address the issue of VAT non-payment and may exacerbate challenges for honest entrepreneurs by requiring advance VAT payments, impacting their liquidity.
- Presidential Directive for VAT Administration Reform: President Kassym-Jomart Tokayev emphasized the need for a comprehensive update to the VAT administration system under the new Tax Code, advocating for complete digitalization of tax control and reduced interaction between taxpayers and authorities.
- Need for Open Dialogue: Baryshev stressed the importance of open communication between the Ministry of Finance and the business community to consider entrepreneurs’ interests and develop balanced tax solutions that promote business development and economic growth, while also addressing structural issues like shadow employment and tax revenue challenges
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.
