VAT on Imports via the Digital Tenge - FCHAIN

VAT on Imports via the Digital Tenge

Kazakhstan has completed the integration of the information systems of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan with the Digital Tenge Platform for customs documents. The new mechanism allows participants in the pilot project to pay VAT on imports using the digital tenge and receive payment status information in real time. Integration work has been carried out since the beginning of the current year by the National Operator of the Digital Tenge Platform, National Payment Corporation JSC, jointly with Halyk Bank of Kazakhstan JSC. The implemented solution is aimed at accelerating customs procedures and reducing the administrative burden on participants in foreign economic activity.

 

How VAT Is Paid Using the Digital Tenge

Participants in the pilot project can initiate VAT payments on imports directly to the state budget using the digital tenge. The mechanism applies to goods declarations and statements on the importation of goods. The information systems of the State Revenue Committee interact directly with the Digital Tenge Platform and receive payment statuses for the relevant customs documents in real time. Previously, payment confirmation required periodic reconciliation based on statements. This process has now been replaced by direct information exchange between the systems. In addition, automatic payment of customs declarations has been implemented, helping to accelerate their release.

 

What Changes for Participants in Foreign Economic Activity

The direct exchange of payment statuses reduces the number of administrative procedures associated with payment confirmation. According to the State Revenue Committee, this approach helps reduce waiting times at the border and ease the workload at customs checkpoints. The new mechanism is based on the capabilities of the Digital Tenge Platform, including payment programmability, traceability of fund movements, and interaction between government authorities and the financial sector. Halyk Bank of Kazakhstan JSC ensured the technical readiness and synchronization of its banking systems with the Platform as part of the project. The implemented solution was tested using actual transactions.

 

Digital VAT and Further Automation

The new mechanism also creates a foundation for expanding the VAT refund project, known as “Digital VAT,” across the entire chain from exporter to importer. Further development of the system is expected to increase transaction transparency, accelerate VAT refunds, and continue the automation of VAT administration. The State Revenue Committee plans to continue its joint work with the National Bank of the Republic of Kazakhstan, the National Payment Corporation, and second-tier banks to expand services based on the digital tenge. For businesses engaged in foreign economic activity, the development of such mechanisms means further digitalization of processes related to imports, VAT payments, and customs procedures.

 

FChain Accounting and Legal Support

Foreign economic activity requires proper accounting and tax record-keeping, documentation, and compliance with applicable requirements. FChain provides comprehensive accounting and legal support to companies operating in Kazakhstan.

• Accounting and Tax Services — maintaining accounting and tax records and preparing reports as part of the company’s business activities.
• Accounting Recovery — restoring accounting records and documentation when necessary to bring the company’s accounting into proper order.
• Legal Services — professional legal support on matters arising in the course of business activities.
• Legal Support for Business — comprehensive legal support for the company’s ongoing operations and related corporate matters.
• Legal Audit — a comprehensive review of the legal aspects of the company’s activities, internal documents, and contractual relationships.
• Drafting Contracts — preparation and legal support of contractual documentation in accordance with applicable requirements.
• Registration of Companies — support with business registration in Kazakhstan and the preparation of the required corporate documentation.

FChain’s comprehensive approach makes it possible to combine accounting, tax, and legal support within a single professional team and systematically organize the company’s key processes.

 

Foreign Electronic Digital Signatures in Kazakhstan: How to Confirm Authenticity

Prepared by: Anel Kosmaganbetova

Assistant to the Director

FChain Kazakhstan

 📩almaty@f-chain.com
WhatsApp: +7 771 214 1820