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.

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