Advantages of electronic trading (e-trade)

For taxpayers who trade goods electronically over the Internet, the Tax Code provides tax incentives for corporate income tax and individual income tax.

That is, persons trading over the Internet will be exempt from paying corporate income (individual income) tax, subject to the following conditions:

- registration of transactions for the sale of goods is carried out in electronic form;

- payment for goods is made by non-cash payment;

- availability of its own service for the delivery of goods to the buyer (costumer), or the presence of contracts with persons providing services for the carriage of goods, courier and/or postal activities;

Also, income from the implementation of electronic commerce in goods must be at least 90% of the total annual income. If these conditions are not met, the taxpayer is not entitled to apply tax incentives.

In addition, the Tax Code provides for a reduction in the individual income tax rate for individual entrepreneurs who work in a special tax regime based on a patent. If a taxpayer works in the field of trade, using a non-cash payment, then the income tax rate will be halved, from 2 to 1%.

To receive benefits, for persons engaged in e-commerce, you must first register as an individual entrepreneur or legal entity. then send to the state revenue authorities a Notification on the beginning or termination of activities as a taxpayer carrying out certain types of activities.

In accordance with paragraph 2 of Article 28 of the Tax Code, persons involved in electronic trade in goods and applying the norms of the tax legislation of the Republic of Kazakhstan in terms of reducing the calculated amount of corporate income tax, reducing the taxable income of an individual for taxable income of an individual entrepreneur, are obliged to provide information on such activities to the tax authority at the location in the manner, time and form approved by the authorized body.

Second-tier banks and organizations executing certain types of banking operations shall be obliged to present to the taxpayers consisting on the registration account at e-trade, data on presence of Bank accounts and their numbers, balances and cash flow on these accounts in the manner and terms established by the authorized body in coordination with the National Bank of the Republic of Kazakhstan.

Persons in the transfer, transportation, delivery of goods in the electronic trade of goods provide information at the request of the tax authority in the manner, time and form approved by the authorized body.

Based on the information received from taxpayers, second-tier banks and organizations engaged in certain types of banking operations, persons engaged in the transfer, transportation, delivery of goods in electronic trade of goods, as well as e-invoices issued by the taxpayer, automated Desk control will be carried out to ensure compliance with the Legislation.