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Business Demands Tax Code Revision Amid VAT Increase and Simplified Regime Restrictions to B2C

  • Key aspects of the upcoming tax reform were discussed, including VAT rate increase and revision of special tax regimes.
  • The new Tax Code draft differs significantly from the previously agreed version.
  • Concerns were raised about the fairness of assuming all entrepreneurs are dishonest.
  • Proposed VAT changes could increase the number of taxpayers by 2.5 times, with only a 5 percent increase in taxable turnover.
  • A shift from special tax regimes to the general regime could triple the number of enterprises under the general regime.
  • Many entrepreneurs may go underground due to excessive tax and administrative burdens.
  • Participants opposed limiting the simplified regime to B2C transactions.
  • Only 53.1 percent of simplified regime users work exclusively in B2C.
  • Over 1000 types of activities could be excluded from the regime due to a restrictive list.
  • An alternative proposal suggested a prohibitive list, allowing the special regime for all except certain activities.
  • The VAT registration threshold of 15 million tenge might be revised to 30 or 40 million tenge.
  • Concerns were raised about the lack of transparency in the approval process.
  • There is a possibility of withdrawing the current draft for full public discussion.
  • The call for support and protection of entrepreneurs was emphasized.

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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