Chapter III. Reporting of vat

3.1. Reports of vat

Invoices are the basic documents for VAT and exhibited no later than 5 days after delivery of the goods or services.

The shipment of goods, provision of services, subject to the exemption (benefit) of the VAT invoice is issued is also marked "not subject to VAT."

If the organization has received exemption from VAT, the invoice is placed with the indication: "VAT is not charged."

Not issue an invoice:

- Organization, not a VAT payer;

- Organization on the sale of securities, if not broker or intermediary services;

- Banks for transactions not taxable for VAT;

- Insurance companies for transactions not taxable for VAT;

- State pension funds from operations, not taxable for VAT;

- Organizations based on a special tax regime (USN or imputed income).

If the organization sells products or provides services to people with CMC or security forms, the invoice is issued at the end of the month in a single copy in the total amount of sales and the last entered in the register of invoices of sales and book sales.

The invoice, by law, must include:

1) The number and date of issue of the invoice;

2) The name, address and taxpayer identification number and the buyer;

3) The name and address of the consignor and consignee;

4) The number of payment documents in the case of advances or other payments for the future delivery of goods (works, services);

5) The name of delivered (shipped) of goods (description of works, services) and unit (if available instructions);

6) The quantity (volume) delivered (shipped) by invoice of goods (works, services) on the basis of adopted thereon unit (if available instructions);

7) price (tariff) for the unit (if available instructions) under the agreement (contract), excluding tax, as in the case of state regulated prices (tariffs), which include tax, with the amount of the tax;

8) The cost of goods (works, services), property rights for all of the set (shipped) by invoice of goods (works, services), and property rights transferred without tax;

9) The amount of excise on excisable goods;

10) The tax rate;

11) The amount of tax shall be presented to the buyer of goods (works, services), property rights, which are determined, based on the applicable tax rates;

12) The cost of the total number of delivered (shipped) by invoice of goods (works, services), transfers of property rights with the amount of the tax;

13) Country of origin;

For products originating in the Kazakhstan is the country of origin and the number of customs declaration is not specified.

The invoice is signed by the manager and the chief accountant of the organization.

Printing on the invoice is not assigned.

If the invoice writes individual entrepreneur, it next to the signature must specify the details of the certificate of registration.

It should be noted that individual entrepreneurs are the general tax regime, should record in its entirety, as well as the organization.

If the calculations are made with the customer in a foreign currency, then the invoice can be issued in foreign currency.

In addition to the provision of services by main activity invoice also exhibited at the time of receipt of funds in the form of:

- Advances for the future delivery of goods, works and services;

- Financial assistance;

- For replenishment of funds for special purposes;

- Interest on promissory notes;

- Percent commodity credit in excess refinancing rate of the Central Bank of Kazakhstan;

- Insurance premiums on insurance risk of non-contractual liability of the insured counterparty creditor in an increase in revenues, or otherwise related to the costs of goods (works, services).

In the implementation of the operations of non-core business, such as the sale of fixed assets, vendor invoice for VAT, which is calculated from the difference between the sale price and the value at which it is the primary means listed on the account of the organization.

1. Implemented OS D 62.1 - 91.1 to 14,720

2. Eliminated from the account OS D 01V - K01 12000

3. Depreciation charged A 02 - to 01V 2000

4. Written off residual value D 91.2 - 01V to 10,000

5. Charged VAT D 91.2 - 68.2 to 720

6. A result revealed 91.9 - 99.1 to 4000

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It should be noted that under current law, individual entrepreneurs, who are on the general tax regime with VAT, register and VAT reporting as well as the organization, ie in full.

Difference remains the fact that businesses do not use registered accounts. So, before start recording, but rather before registering, you should carefully study the principles of VAT, to avoid further unpleasant consequences of an incorrect payment of VAT.

The following are examples of working with primary documents, invoices, filling in different situations and reporting of VAT.

With proper design of primary documents can be filled in the VAT return without errors, and at the end of the quarter after finishing the entire account just to verify the account balances 68.2 "Payments to the budget for VAT."

In the example for the sake of simplification assumption: the organization is only one month (November) and VAT reporting quarterly rent.

When implemented in cash using CMC or security forms buyers invoice is not issued, but it is necessary to take into account

So at the end of the month invoice (noun 4) in a single copy in total revenue for the month, this is recorded under the last number in the register of invoices, sales and book sales.