What is Tax monitoring?
A voluntary form of control in which the tax authority follows, throughout the year and through an exchange of information agreed with the company, whether a legal entity calculates its taxes correctly and pays them on time. The main rules under the Tax Code: monitoring covers all taxes and levies for which the legal entity is a payer or agent; a legal entity whose income for the previous year was at least five billion soum according to its annual financial statements is entitled to apply; the application is submitted no later than 1 July of the year preceding the monitoring period, and the tax authority makes a decision by 1 November; the period for which monitoring is conducted is the calendar year following the year in which the application is submitted; monitoring starts on 1 January of that year and ends on 1 July of the following year. The application is accompanied by the information interaction regulations, information on persons with a 25 percent participation interest, and the tax accounting policy. If the tax authority finds an error during monitoring, it sends a "reasoned opinion"; if the company disagrees, it files an objection and the matter is considered under the mutual agreement procedure.
Source: Soliq kodeksi, 169-modda; Soliq kodeksi, 170-modda; Soliq kodeksi, 171-modda; Soliq kodeksi, 173-modda; Soliq kodeksi, 174–175-moddalar