March 1, 2023

The accompanying invoice for goods will be canceled inside Kazakhstan

In Kazakhstan, the accompanying consignment note for goods (SNT) will be canceled. The corresponding draft order of the Minister of Finance of the Republic of Kazakhstan was published on the portal of open NPAs.

According to the document, the SNT will be issued only for certain types of goods for export/import to the EAEU countries from February 10 of this year, and from April 1 for excisable products (alcoholic beverages, petroleum products), goods subject to traceability under the Agreement on the Traceability Mechanism, and for export, import to the EAEU countries. In all other cases, the SNT will be canceled.

On December 30 last year, the Ministry of Finance of the Republic of Kazakhstan and the National Chamber of Entrepreneurs “Atameken” signed a Memorandum of cooperation on a radical revision of the obligations to issue accompanying invoices for goods.

“Earlier, we promised that together with the Ministry of Finance we would radically revise the obligations on the registration of the SNT until March 1, 2023. Therefore, its cancellation within Kazakhstan is a great victory for all of us, and especially for the whole army of accountants and representatives of small and medium–sized businesses. For them, working with the SNT and the virtual warehouse in each reporting period turned into flour. Finally, they will be able to work calmly and direct their efforts in a different direction,” explained Chairman of the Presidium of the National Chamber of Entrepreneurs “Atameken” Raimbek Batalov.

The pilot for the registration of accompanying invoices for goods was introduced in 2020 by the State Revenue Committee. It was supposed to allow tracking the turnover of goods imported into the customs territory of the Eurasian Economic Union and reduce the shadow economy in the country.

“The results of the project showed that the processes for the functioning of the SNT are not established, the information system for its design is unstable, there are technical errors. Thus, the introduction of accompanying invoices for goods does not ensure effective interaction between taxpayers and tax authorities, complicates fiscal administration, which restricts entrepreneurial activity and entails unreasonable costs for business and the state,” the NCE commented.