Regarding the reduction of the threshold for registration for VAT

Despite the reduction of the specified threshold value from 30 thousand. MCI up to 20 thousand. MCI, this indicator remains high compared to other countries, including the EAEU countries.

For reference:

In Kazakhstan, the threshold is at the level of 61.4 million tenge (140 thousand US dollars). There is no VAT threshold in Sweden, the Netherlands, Germany, Belgium, France, Luxembourg. All are VAT payers. In Russia, the threshold is 11.7 million tenge (27.1 thousand US dollars), in Belarus – 17.7 million tenge (40.8 thousand US dollars), in Kyrgyzstan – 24.8 million tenge (57.1 thousand US dollars), in Armenia – 47.5 million tenge (109.5 thousand US dollars).

At the same time, entrepreneurs are given the opportunity not to register as a VAT payer, accepting non-cash payment until the non-cash turnover reaches 124,184 MCI (381 million tenge). This norm is applied by entrepreneurs applying the simplified declaration regime and in the presence of a three-component integrated system (a cash register with online data transmission, a terminal for accepting payment by bank cards, a system for tracking the movement of goods).

Thus, the goal of reducing the minimum threshold for VAT registration is not to receive additional budget revenues, but to ensure transparency of turnover and encourage non-cash payments.

TIS should ensure compliance with the transparency of the sales process, as well as the possibility of combining on the basis of a single online information platform KKM, POS terminal and accounting system for goods and services.