The SRD of EKR explained the benefits of a special retail tax regime and a single payment

 On August 23, 2023, the head of Office of Advocacy of the State Revenue Department of EKR Gulmira Sabralimova gave details of advantages of application of a special retail tax regime, focused the briefing participants on conditions of application of the STR of retail tax, rates, tax calculation procedure,  due dates for the submission of tax reporting and tax payment at a briefing of the Regional Communications Service of EKR.

Also, Gulmira Kamilyevna told about the introduction of a single payment starting January 1, 2023, and that a single payment has reduced the burden on the labour compensation fund. A single payment from wages of 20% from the labour compensation fund has been introduced from January 1, 2023 in order to encourage entrepreneurs to bring out of the shadow economy employees.

In her speech, the speaker also noted the development of pilot projects by an authorized body, which are also aimed at simplifying the fulfillment of tax obligations by taxpayers.

So, from 1st of July 2023, the State Revenue Committee MF RK has launched a pilot project on another order of administration of individual entrepreneurs applying the STR based on a simplified declaration or retail tax. Every entrepreneur will be able to participate in the Pilot on a voluntary basis by submitting an application to the electronic trading platform participating in the pilot project. The entrepreneur will pay taxes to the budget according to the ready calculated amounts, as well as the tax reporting will be precompleted by the serving bank, which facilitates the work of a taxpayer and saves time, said the head of Office of Advocacy.

At the close of the event the speaker answered questions from the media on the stated topic.

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