Since November 11, 2024, an innovation that will significantly simplify the process of payment of taxes and other mandatory payments – the consolidated payment order (CPO) – will come into force in Kazakhstan, FChain Kazakhstan reports.
This important change is aimed at optimizing tax procedures for individuals and entrepreneurs, as well as increasing transparency and convenience in settlements with the state.
CPO is a single document by means of which a taxpayer can transfer several types of taxes and other obligatory payments for a single payment order.
Previously, it was necessary to prepare a separate order for each type of payment, resulting in up to 7 payment orders. The introduction of the CPO will make it possible to combine various payments into one document, which will reduce the administrative burden and minimize data entry errors.
Article is prepared by Ekaterina Kassumova,
Director of FChain Kazakhstan
11th of November 2024
