On taxes and other obligatory payments to the budget (Tax Code)

Article 380. The amount of turnover from the sale of goods, works, services

1. Unless otherwise provided for by Article 381 of this Code, the amount of turnover from the sale is determined as the value of sold goods, works and services based on the prices and tariffs ex VAT applied by transaction parties, unless otherwise provided for by the legislation of the Republic of Kazakhstan on transfer pricing.

When selling goods on installment payment terms, the value of sold goods is determined with account of all the payments stipulated by contractual terms.

2. When rendering services for making payments for third parties, the amount of turnover from the sale is determined as the amount of a commission fee.

3. The amount of an excise duty (to be) paid in accordance with the provisions of this Code:

1) in case of transferring gasoline (except for aviation fuel), diesel fuel, which is a product of processing of customer-supplied raw materials, is not included in the amount of turnover from the sale of a manufacturer of such excisable goods, who renders services for the processing of customer-supplied raw materials;

2) is included in the amount of turnover from the sale - in other cases.

4. The amount of turnover in the form of balances of goods of a VAT payer is determined in the amount of the book value of such goods, subject to reflection (reflected) in the accounting records of such a VAT payer, as of the effective date of the turnover.

For the purposes of this paragraph, the book value of goods for a VAT payer is:

1) when deregistering it for VAT in connection with reorganization, also when reorganizing by spinning off - the value of the goods reflected in the separation balance sheet or transfer deed, but not lower than the book value to be reflected (reflected) in accounting records of this VAT payer, as of the effective date of the turnover;

2) in other cases - the book value of the goods, subject to reflection (reflected) in the accounting records of such a VAT payer, as of the date of the accomplished turnover.

For turnover in the form of balances of goods, the VAT payer shall draw up a tax register for the balances of goods in accordance with Article 215 of this Code.

5. The amount of turnover of a VAT payer purchasing works, services from a non-resident is determined in accordance with Article 382 of this Code.

6. A foreign currency transaction, for the purposes of this Section, shall be recalculated into the national currency of the Republic of Kazakhstan using the market exchange rate set on the last business day preceding the effective date of the turnover.