The Law of the Republic of Kazakhstan dated April 2, 2019 No. 241-VI "On Amendments and Additions to certain Legislative Acts of the Republic of Kazakhstan on the development of the business environment and regulation of trade activities" amended the Tax Code.
In accordance with this change, a three-component integrated system has been installed. The three-component integrated system is an integrated system consisting of a cash register with the function of recording and transmitting data, a system for accepting non-cash payments (POS terminal), as well as an automated system for registering and accounting for goods.
Currently, 3 models are included in the Unified Register of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan (Trinity and Trinity 1.2, Prosklad.kz ). An individual entrepreneur applying a special tax regime (SNR) based on a simplified declaration can use these programs.
At the same time, Articles 82 and 683 of the Tax Code provide for the following advantages of using the system:
The income threshold for the semi-annual tax period will increase from 24,038 MCI to 94,086 MCI, that is, based on a simplified declaration, it will amount to 73 million tenge, taxpayers using a three-component integrated system can work on the basis of a simplified declaration in the amount of up to 288 million tenge. It is worth noting here that the benefit is 70,048 MCI (214 million tenge), payment via a POS terminal is mandatory.
The maximum annual threshold for VAT will increase from 20,000 MCI to 134,184 MCI, that is, if the VAT threshold for 1 year is 61 million tenge, for taxpayers using a three-component integrated system, the VAT threshold will increase by up to 411 million tenge. It is worth noting here that the benefit is 114,184 MCI (349 million tenge), payment via a POS terminal is mandatory.
The three-component integrated system has a tax accounting module. It is possible to form the movement of goods, tax reporting and wages of employees. This system is designed to simplify the accounting and fulfillment of tax obligations by individual entrepreneurs