Wednesday, 22 February 2012
High-fives for Kazakhstan
Borat, the creation of comedian Sacha Baron Cohen, did little to endear himself to the Republic of Kazakhstan or do much to project the image of a forward-looking country.
But the Kazakhstan government is making a name for itself – for all the right reasons.
The country’s tax bosses have announced that Kazakhstan is to switch to electronic invoicing from July 2012, say reports. National companies will begin the switch-over - with others following from next January.
And the change will be radical. It’s estimated that Kazakh companies issue 56 million invoices annually. But, apparently, these are all on paper. Not only will the move electronic invoicing save money but it’ll make documents easier to trace.
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