The announcement has been made by Kazakhstan Deputy Chairman of the Tax Committee Argyn Kipshakov. The plan is that the national companies, part of Samruk-Kazyan Group, will start the process from Q3 2012, while all other taxpayers will employ e-invoicing from Q1 2013.
Kazakhstan is currently processing 56 million invoices per year, not counting those given to population and VAT non-payers, through the delivery of paper documents, which bring extra costs and make traceability of document more complicated.
The minimum cost for issuing an invoice is close to EUR 0.5 (100 tenge). With the cost ratio of an e-invoice to a paper one being one to ten, electronic invoicing is expected to save over EUR 24 million (5 billion tenge) per year.
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