The procedure for monitoring large taxpayers

The procedure for monitoring large taxpayers

Article 132 of the Tax Code of the Republic of Kazakhstan

1. During the monitoring of large taxpayers, the authorized body has the right to require taxpayers subject to monitoring of large taxpayers to submit documents and written explanations confirming the correctness of tax calculation and timely payment (withholding and transfer) of taxes and payments to the budget, as well as the financial statements of the taxpayer (tax agent), including the financial statements of its subsidiaries.

At the same time, this requirement must be fulfilled by taxpayers subject to monitoring of large taxpayers within thirty calendar days from the day following the day of delivery of the request.

2. In case of detection of violations and discrepancies based on the results of monitoring of large taxpayers, the authorized body shall notify the taxpayer subject to monitoring of large taxpayers about them.

At the same time, a taxpayer subject to monitoring by large taxpayers is obliged to submit a written explanation within fifteen calendar days from the day following the day of delivery (receipt) of such notification.

In case of disagreement with the submitted explanation, the authorized body has the right to invite such a taxpayer, who is subject to monitoring of large taxpayers, to discuss the issues that have arisen with the submission of additional documents and explanations.

Based on the results of the review of the monitoring results, the authorized body makes a reasoned decision in writing, which is sent within two working days from the date of its issuance to the taxpayer subject to monitoring of large taxpayers.

The taxpayer subject to the monitoring of large taxpayers shall submit a notification of consent to the decision within five calendar days from the date of its receipt.