en
The tax burden on cashless payments for individuals providing catering services is reduced
The tax burden on cashless payments for individuals providing catering services is reduced
From January 1, 2026, for VAT payers engaged in catering services, it is planned that 50% of the turnover formed based on cashless payments via POS terminals will be excluded from the total VAT-applicable turnover for a period of 3 years when calculating the tax. In addition, it is proposed to reduce the simplified tax rate from 8% to 6% for individuals providing catering services as simplified tax payers on cashless turnover via POS terminals.
Example 1:
The total value of services provided in a month by a person engaged in catering services was 50,000 manats, of which 10,000 manats were paid in cash and 40,000 manats were paid cashlessly via POS terminals. The amount of VAT paid to and offset by other persons was 3,000 manats. In this case, the VAT payable to the budget would have been 6,000 manats, and after the amendment, this amount will be 2,400 manats.
Example 2:
The total value of services provided in a month by a simplified tax payer engaged in catering services was 50,000 manats, of which 10,000 manats were paid in cash and 40,000 manats were paid cashlessly via POS terminals. In this case, the simplified tax payable to the budget would have been 4,000 manats, and after the amendment, this amount will be 3,200 manats.
From January 1, 2026, for VAT payers engaged in catering services, it is planned that 50% of the turnover formed based on cashless payments via POS terminals will be excluded from the total VAT-applicable turnover for a period of 3 years when calculating the tax. In addition, it is proposed to reduce the simplified tax rate from 8% to 6% for individuals providing catering services as simplified tax payers on cashless turnover via POS terminals.
Example 1:
The total value of services provided in a month by a person engaged in catering services was 50,000 manats, of which 10,000 manats were paid in cash and 40,000 manats were paid cashlessly via POS terminals. The amount of VAT paid to and offset by other persons was 3,000 manats. In this case, the VAT payable to the budget would have been 6,000 manats, and after the amendment, this amount will be 2,400 manats.
Example 2:
The total value of services provided in a month by a simplified tax payer engaged in catering services was 50,000 manats, of which 10,000 manats were paid in cash and 40,000 manats were paid cashlessly via POS terminals. In this case, the simplified tax payable to the budget would have been 4,000 manats, and after the amendment, this amount will be 3,200 manats.