“The state annually loses about T800 billion in income tax from business splits due to the high threshold for VAT registration. De facto, we have medium-sized businesses, but de jure, we don’t. The introduction of these mechanisms – lowering the threshold for VAT registration and a simplified special regime for B2C only – is not a fight against entrepreneurship, but a fight against the shadow economy,” Amrin said at a meeting with business representatives in Almaty.
According to him, “those who pay taxes cannot compete in good faith with those who do not pay.”
"Without mass support of businesses in their quest for fair taxation, government agencies will not be able to fully combat the shadow economy," Amrin said.
Photo source: picture from an open source