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Plans to introduce Blockchain technology to fight tax evasion and reduce cash-out transactions

“Comprehensive measures are being taken to simplify the tax administration, which includes the introduction of a system that allows tracing goods, accompanying consignment notes and electronic seals. This will ensure the transparency of sales between counterparties. We also plan to introduce Blockchain technology in VAT administration, which will significantly reduce the risk of tax evasion and reduce cash-out transactions,” said Zhamaubayev.

Source: astanatimes.com

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