Kazakhstan talks business support measures related to tax legislation

Kazakhstan 22 January 2022 09:38 (UTC +04:00)
Kazakhstan talks business support measures related to tax legislation

BAKU, Azerbaijan, Jan. 22


The State Revenue Committee of Kazakhstan’s Finance Ministry spoke about the measures to support business taken in terms of tax administration, Trend reports via the committee.

On January 6 of this year, the committee informed business entities about the procedure for issuing invoices in the state of emergency.

“In connection with the introduction of a state of emergency and technical failures in the operation of internet, in accordance with Article 412 of the Tax Code of Kazakhstan, the committee signed a protocol on the recognition of a technical error for the period from January 5 to January 19, 2022,” Kairat Miyatov, deputy chairman of the committee, said during a briefing at the Central Communications Service.

Miyatov noted that, if necessary, taxpayers have the right to issue an invoice on paper, with subsequent entry into the online system within 15 calendar days after January 19, 2022. At the same time, the committee specified that the penalties won’t be applied.

Kazakhstan's government announced late Jan. 4 that it was restoring some price caps on liquefied petroleum gas, after the rare protests reached Almaty following a sharp rise in the price of the fuel at the start of the year.

Many Kazakhs have converted their cars to run on LPG, which is far cheaper than gasoline as a vehicle fuel in Kazakhstan because of price caps. But the government argued that the low price was unsustainable and lifted the caps on Jan. 1.

After the price of the fuel spiked, big demonstrations erupted on Jan. 2 in certain parts of the country. Following the development of the situation, the government declared a state of emergency all over the country. Kazakh President Kassym-Jomart Tokayev said the government initiated anti-terrorist operations to deal with the ongoing riots.

Also, the divisions of the united peacekeeping contingent of CSTO (Collective Security Treaty Organization) arrived in Kazakhstan to assist in restoring order and help protect strategic objects of the country.