The EAEU is developing a mechanism for fiscal monitoring of the turnover of goods in mutual trade

Currently, the Eurasian economic Commission is actively discussing the implementation of the fiscal monitoring mechanism.

The purpose of creating a fiscal monitoring mechanism is to automatically confirm the zero VAT rate, switch to the electronic format of an application For payment of indirect taxes, and ensure transparency of the movement of goods in mutual trade of the EAEU.

The mechanism being developed should simplify the procedure for confirming the application of the zero VAT rate and VAT refund for the export of goods, as well as significantly reduce the administrative burden on business, through the mutual exchange of information between the tax authorities of the EAEU member States.

The Kazakh side presented the mechanism of work of accompanying invoices for goods (SNT) in the Republic of Kazakhstan in order to implement the mechanism of fiscal monitoring. The parties conceptually supported the Kazakhstan approach.

Recall that at the meeting of the Eurasian intergovernmental Council held on October 9, 2020, Prime Minister of the Republic of Kazakhstan A. U. Mamin proposed "to work out the issue of digitalization of tax administration in mutual trade through the digital integration platform of the EAEU and expanded electronic interaction of tax and customs authorities of the EAEU member States