VATupdate
VATupdate VAT GST sales tax Kazakhstan

Share this post on

Business vs. E-Tamga: VAT Prepayment Threatens Domestic Producers’ Cash Flow and Economy

  • Discussion held on implementing E-Tamga system under National Chamber of Entrepreneurs.
  • E-Tamga aims to automate VAT control to combat fraudulent activities.
  • Business representatives criticized the advance VAT payment mechanism.
  • Concerns raised about impact on cash flow and domestic producers.
  • System targets four categories of high-risk taxpayers.
  • Funds managed through taxpayer’s account in E-Tamga service.
  • Criticism from business leaders about potential economic harm.
  • Concerns about manual risk categorization affecting honest businesses.
  • Startups and domestic producers may struggle with advance VAT payments.
  • Calls to cancel the system due to potential negative impact.
  • Support from business ombudsman for concerns about tax principles.

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.

Sponsors:

VATIT Compliance
Pincvision

Advertisements:

  • Pincvision