Kazakhstan calls for requirements for Temu, Amazon, and AliExpress

viewings icon comments icon

ПОДЕЛИТЬСЯ

whatsapp button telegram button facebook button
©️ Depositphotos.com ©️ Depositphotos.com

Tengrinews.kz - Deputy Azat Peruashev has put forward an initiative to introduce new requirements for foreign marketplaces such as Temu, Amazon, and AliExpress. The Mazhilisman emphasized that the lack of regulation leads to significant losses for the country's budget and puts Kazakhstani entrepreneurs at a disadvantage compared to foreign competitors.

whatsapp button telegram button facebook button
Иконка комментария блок соц сети

Tengrinews.kz - Deputy Azat Peruashev has put forward an initiative to introduce new requirements for foreign marketplaces such as Temu, Amazon, and AliExpress. The Mazhilisman emphasized that the lack of regulation leads to significant losses for the country's budget and puts Kazakhstani entrepreneurs at a disadvantage compared to foreign competitors.

Peruashev addressed his parliamentary request to Deputy Prime Minister and Minister of National Economy Serik Zhumangarin. According to the him, the lack of tax control over international online platforms leads to significant budget losses and puts Kazakhstani entrepreneurs at a disadvantage.

"As you know, one of the important channels for replenishing the budget has always been import regulation. However, today we are seeing a situation where foreign marketplaces, using the right to duty-free import of goods up to 200 euros, practically do not pay taxes in Kazakhstan, while occupying a significant market share," the deputy noted.

According to the deputy, in 2023, foreign marketplaces supplied goods to Kazakhstan for 505 billion tenge, while paying only 24 billion tenge to the budget - 4.8% of the turnover. According to the deputy, this indicates a complete absence of customs duties and payment of VAT, which is 2.5 times lower than that of Kazakhstani entrepreneurs.

"If Kazakhstani businessmen work under a tax burden of up to 16.3%, and in some cases up to 62%, taking into account all fees, then foreign online platforms actually bypass taxes. This creates unequal conditions, this leads to the displacement of domestic businesses from the market," the deputy emphasized.

According to Peruashev's estimates, in 2023 the country's budget lost more than 60 billion tenge due to non-payment of VAT by foreign companies. If the trend continues, losses for 2024 could amount to 250 billion tenge, and by 2029, half of all online purchases in Kazakhstan will be made exclusively through foreign marketplaces. This will inevitably lead to a further reduction in the share of Kazakhstani manufacturers, job closures and a drop in budget revenues, the Mazhilis deputy believes.

In his request, Azat Peruashev refers to the world experience of regulating e-commerce. For example, the European Union is discussing the introduction of a 30% duty and mandatory registration of Chinese marketplaces as VAT payers. In India, there is already a requirement to create partnerships between foreign and local online platforms, which has increased budget revenues and supported national business.

The Ak Zhol parliamentary faction proposes:

  • to introduce a requirement for mandatory registration of foreign marketplaces with the tax authorities of Kazakhstan;
  • following the Indian example, consider the issue of introducing an obligation for foreign marketplaces to collaborate with Kazakhstani platforms and manufacturers;
  • to introduce mandatory payment of VAT and other taxes on income received from Kazakhstani consumers;
  • to consider the issue of reducing or zeroing out the parameters of duty-free trade sold through foreign retail chains;
  • to develop measures of state support for domestic e-commerce and its participants, including integration with international payment systems, assistance in organizing services, logistics.

"We believe that these measures, coupled with the reduction of ineffective budget expenditures, the fight against smuggling and corruption, and full taxation of grey imports, are capable of significantly reducing the budget deficit and reducing the parameters announced by the government and the intensity of the discussion around tax reform," Azat Peruashev summed up.

Read also: Foreign marketplaces will be required to register in Kazakhstan

Tengrinews
Читайте также
Join Telegram Последние новости
Лого TengriNews мобильная Лого TengriLife мобильная Лого TengriSport мобильная Лого TengriAuto мобильная Иконка меню мобильная
Иконка закрытия мобильного меню
Открыть TengriNews Открыть TengriLife Открыть TengriSport Открыть TengriAuto Открыть TengriTravel Открыть TengriEdu Открыть TengriGuide

Exchange Rates

 502.8  course up  547.58  course up  5.95  course down

 

Weather

location-current
Алматы

 

Редакция Advertising
Социальные сети
Иконка Instagram footer Иконка Telegram footer Иконка Vkontakte footer Иконка Facebook footer Иконка Twitter footer Иконка Youtube footer Иконка TikTok footer Иконка WhatsApp footer
yadro