- The Cabinet of Ministers proposed amendments to tighten control over undervaluation of imported goods and modernize the VAT risk management system.
- Approval of the VAT tax base for risky goods shifts from the Ministry of Finance to the State Tax Service.
- A new “large taxpayer” status allows certain companies to use contract prices for VAT calculation, bypassing risk-based adjustments.
- The VAT tax base for risky goods will now be calculated using a 9-month average price minus 30%, with expanded data sources for risk assessment.
- Procedures for importer-tax authority interaction are revised, including new rules for confirming contract prices and monthly updates to the list of risky goods.
Source: akchabar.kg
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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