The adjustment of the size of dutiable import

According to paragraph 8 of Article 444 of the Code of the Republic of Kazakhstan of  25 December 2017 No. 120-VI "On taxes and other mandatory budget payments ", in the case of an increasing  the price of imported goods by the parties to a treaty (contract) after the expiry of a month in which such goods are registered, the size of dutiable imports is adjusted accordingly.

Meanwhile, paragraphs 5, 10 of Article 456 of the Tax Code provide that in the case of an increasing the price of imported goods in accordance with paragraph 8 of Article 444 of the Tax Code, value added tax (hereinafter: VAT) on imported goods is paid, as well as an application for the import of goods and payment of indirect taxes in electronic form is submitted no later than the 20th day of the month following the month in which the parties to a treaty (contract) changed the price of imported goods.

At the same time, the application for the import of goods and payment of indirect taxes reflects the changed value of the purchased imported goods.

The documents confirming increasing the price of imported goods are: a treaty (contract) on the price change, an additional invoice containing the changed value for the dutiable import and value added tax (if the invoice is provided for (submitted) by the legislation of a member state of the Eurasian Economic Union), and (or) another document confirming the  price change of imported goods.

In view of the foregoing, the size  of dutiable imports is adjusted only in the case of increase the price of imported goods.

If the case of reductions in the price of imported goods, the size of dutiable imports and the amount of VAT on imports in the application for the import of goods and payment of indirect taxes (form 328.00) is not adjusted downward.

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