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Kazakhstan expects increase in tax revenues by tapping into e-commerce

Economy Materials 14 January 2025 14:40 (UTC +04:00)
Kazakhstan expects increase in tax revenues by tapping into e-commerce
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, January 14. The development of e-commerce in Kazakhstan will allow for a two-fold increase in tax revenues to the state treasury, said Denis Stepantev, Chairman of the Board of the "Digital Kazakhstan" Association, at a government meeting where he presented proposals for the development of e-commerce in Kazakhstan, Trend reports.

In the course of the meeting, Denis Stepantev articulated a series of strategic initiatives, prominently featuring the optimization of import protocols for SMEs, particularly advocating for a recalibration of the overarching tariff structure to a range of 15-22 percent.

He also underscored the optimization of customs protocols, encompassing the complete digitization of the certification workflow and the enhancement of customs documentation efficiency.

Furthermore, he advocated for the optimization of the goods processing timeline and the seamless integration of regional marketplaces with customs infrastructures, leveraging automation to enhance efficiency and minimize trade expenditures.

The introduction of mandatory certification protocols for goods procured via international platforms has been highlighted, which, as per the association's assertions, will enhance product integrity and mitigate consumer risk exposure.

On this account, it is imperative to advocate for the imposition of tariffs on commodities acquired from international marketplaces. This phase will establish parity in the operational landscape for indigenous enterprises and international market players.

To note, all these measures are expected to increase tax revenues by two times, reaching 626 billion tenge ($1.19 billion) by 2025, create 500,000 jobs over four years, and improve market transparency.

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