Kazakhstan fights shadow economy more targeted

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The Senate of Kazakhstan was reasonably raised the issue that third-country nationals leave the country after the establishment of a legal entity in Kazakhstan, and companies are used in schemes for issuing fictitious invoices, tax evasion and withdrawal of funds into the shadow circulation. All of this takes a toll on the budget.

At the request of the deputies of the Senate, the Ministry of Finance of Kazakhstan gave an answer on the measures taken to curb violations, the LS portal reports. As part of the claims and claims work on business immigrants for 2021-2022, the courts invalidated the registration and / or re-registration of 421 legal entities with a turnover of more than 130 billion tenge.

Before declaring unscrupulous foreign companies invalid, the state revenue authorities conduct tax audits in respect of them. A tax survey of the location of the payer of this type of payment is being studied, debit transactions on accounts are limited (arrears, failure to comply with notifications, etc.), electronic invoices for missing goods are identified, the availability of assets, the fulfillment of tax obligations, the level of the tax burden coefficient are determined.

Then a lawsuit is filed to cancel the registration and / or re-registration of legal entities. It may be based on the refusal of a mandatory visa to enter as a business immigrant to foreigners who have created such a legal entity.

The Ministry of Finance added that an interdepartmental working group has been created under the Prosecutor General's Office to study the issues of combating the shadow economy, protecting the rights of honest business, developing entrepreneurship and jointly developing ways to solve existing problems.

According to the Ministry of Finance, as a result of the in-house control for 2021-2023 in relation to counterparties of companies whose registration (re-registration) was declared invalid by the courts, an additional tax charge of 34.7 billion tenge was ensured.

CentralasianLIGHT.org

May 24, 2023