Kazakhstan to improve VAT compliance rules
Wed 24th Jul 2013
The Kazakh tax authorities are to take measures to help prevent a growing wave of VAT fraud – similar to that seen in the EU over the past five years.
The Tax and Customs Authority is to publish new guidance and rules in the following areas:
- New VAT registration applications
- The introduction of the reverse charge mechanism to reduce the occasions where a VAT registration is required
- Request cash deposits or bank guarantees for certain importing activities