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Creation of a Unified Digital VAT Accounting Platform within the Eurasian Economic Union (EAEU)

  • The Eurasian Economic Union (EAEU) includes Kazakhstan, Russia, Belarus, Kyrgyzstan, and Armenia.
  • EAEU has unified VAT principles for trade between member countries, but each country has its own administration and digital control systems.
  • Kazakhstan uses electronic invoices and an integrated information system for trade accounting to ensure transparency and simplify tax control.
  • Russia and Belarus use advanced digital solutions, including product traceability systems, to monitor goods movement and reduce violations.
  • Kyrgyzstan and Armenia are aligning their national procedures with other EAEU countries and working on implementing similar digital solutions.
  • VAT rates in EAEU countries are 12 percent in Kazakhstan and Kyrgyzstan, and 20 percent in Russia, Belarus, and Armenia.
  • The Eurasian Economic Commission is considering creating a unified digital VAT accounting platform to standardize tax administration, increase trust among tax authorities, and improve business conditions in the EAEU.

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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