STATE REVENUE COMMITTEE OF THE

MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

PRESS RELEASE

What do the VAT payers need to know about the services of a casino, a slot machine, a betting and a bookmaker?

The Tax Code on the calculation and payment of VAT by VAT payers on casino, slot machine, betting and bookmaker services, which come into force on January 1, 2019 has been amended by the Law of the Republic of Kazakhstan of April 2, 2019 No. 241-VІ ZRK "On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on the Development of the Business Environment and Regulating Trade Activities"

From January 1, 2019, if the taxpayer turns over the services of the casino, slot machine, betting and bookmaker’s office exceed the minimum turnover (30,000 times the MNU), then such taxpayer is subject to mandatory registration as a VAT payer.

VAT payer on casino, slot machine, betting and bookmaker services calculates the VAT in the following order:

- the amount of turnover is determined by the amount of income received for the tax period as a result of such activities;

- the amount allowed for offsetting is determined exclusively in the amount of 85% of the amount of value added tax from taxable turnover;

- the amount of VAT payable to the budget for the tax period is defined as the difference between the VAT on taxable turnover and the amount allowed for offsetting;

It should be noted that invoices by the VAT taxpayers are not issued on casino, slot machine, betting and bookmaker services.

VAT liabilities are reflected in the Gambling and Fixed Income Tax Declaration (Form 710.00).

In this case, due to the fact that the Order of the Minister of Finance of the Republic of Kazakhstan "On amendments to the tax reporting" are not approved, to ensure the timely fulfillment of tax obligations for VAT for the 1st quarter of 2019 before the publication of the new version of the Declaration of the tax on gambling and fixed tax (form 710.00) of the VAT liabilities are reflected in the VAT Declaration (form 300.00) as follows.

Sales turnover, determined by the amount of income received for the tax period as a result of the activity, is reflected in line 300.00.001 A, VAT amount from such turnover is indicated in line 300.00.001 B.

Allowed for offsetting to VAT, determined in the amount of 85% of the amount of VAT on taxable turnover (300.00.001 B) is reflected in line 300.00.025 II.

Разрешенный к отнесению в зачет НДС, определенный в размере 85 % от суммы НДС по облагаемому обороту (300.00.001 В) отражается в строке 300.00.025 II.

The calculated amount of VAT for the tax period is defined as the difference between the amount of VAT on turnover (300.00.001 B) and the amount for offsetting to VAT (300.00.025 II) and is reflected in line 300.00.030 I. 

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State Revenue Committee

Ministry of Finance of the RK

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