The taxpayers planning to establish information interaction with the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan (the “SRC MoF RK”) under the Horizontal Monitoring regime (the “HM”), including that at a pilot project stage, are required to have their processes sufficiently automated and ensure their information systems, which are to be accessible to tax authorities, meet current requirements of the SRC MoF RK.

How can KPMG help?

KPMG is prepared to provide comprehensive support for taxpayers at all stages of the HM pilot project, including:

  • Conduct a preliminary diagnostic examination: review the current state of the tax accounting process and Internal Control System (“ICS”) for its compliance with the HM requirements and develop optional IT-architecture, given the specifics of the Company’ existing IT landscape.
  • Deliver methodological support and assistance with preparing documentation to join the Horizontal Monitoring, maintaining communication with the SRC MoF RK in the course of the pilot project, initial placement of information in the production version of the system and publication of data for tax authorities.