STATE REVENUE COMMITTEE, MINISTRY OF FINANCE OF THE REPUBLIC OF

KAZAKHSTAN

"CREATION OF A FINANCIAL INSTITUTION TO GUARANTEE PAYMENT OF CUSTOMS FEES"

Presenter: Dina Mamasheva

• The 1997 Address of the President of the Nation to the people of Kazakhstan "Kazakhstan - 2030: Prosperity,

Security and Ever Growing Welfare of all the Kazakhstanis"

"Kazakhstan's goal consists in achieving competitiveness of the domestic transport and communications complex on the global market and increasing trade traffic through our territory". 

• 25th Plenary Session of the Council of Foreign Investors under the President of the RK. 23rd of May, 2012,

Astana: "Kazakhstan must restore its historical role and become

the largest business transit hub of the Central Asian Region, to bridge Europe and Asia..."

Head of State Initiatives In the Field of Transit:

• The 1997 Address of the President of the Nation to the people of Kazakhstan "Kazakhstan - 2030: Prosperity,

Security and Ever Growing Welfare of all the Kazakhstanis"

"Kazakhstan's goal consists in achieving competitiveness of the domestic transport and communications complex on the global market and increasing trade traffic through our territory". 

• 25th Plenary Session of the Council of Foreign Investors under the President of the RK. 23rd of May, 2012,

Astana: "Kazakhstan must restore its historical role and become

the largest business transit hub of the Central Asian Region, to bridge Europe and Asia..."

Head of State Initiatives In the Field of Transit:

• Address of the President of the Republic of Kazakhstan "Strategy 'Kazakhstan-2050'": New Political Course of an accomplished state" dated 14th of December, 2012:

"It is important to concentrate our efforts on operating outside of the national borders to create economic transport and logistics infrastructure outside of Kazakhstan, carefully calculating the benefits. We must reach beyond existing notions and create joint enterprises in the region and worldwide — Europe, Asia, America — such as, for example, ports in coastal countries, transportation and logistics hubs in transit points across the world, and so forth.

"We must develop our transit potential. We need to achieve a two-fold increase in transit traffic through Kazakhstan by the year 2020, and a 10-fold increase by 2050".

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Transport Corridors

TRACECA

NORTH-SOUTH

CENTRAL CORRIDOR OF TRANSASIAN R/R

NORTHERN CORRIDOR OF TRANASIAN R/RSOUTHERN CORRIDOR OF TRANASIAN R/R

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5

Development and efficient utilisation of the transit potential — growth of new freight flows

between China and Europe

Methods of payment of customs fees, taxes

Monetary funds Bank guaranteeVouching Property pledge

Monetary funds Bank guaranteeVouching Property pledge Insurance

Monetary funds Bank guaranteeVouching Property pledge

Since 2010, Customs Services of Belarus, Kazakhstan and Russia have been utilising the system of mutual recognition of the payment securities

for customs fees and taxes based on:

Certificate of customs taxes and fees payment security

Goods traffic using TIR procedure

TIR

In the Republic of Kazakhstan, most of goods movement in the custom transit procedure is arranged using the TIR carnet in accordance with the Customs Convention on the International Transport of Goods Under Cover of TIR Carnets (TIR Convention), 1975.

minimum time of execution of

necessary documents

utilising the uniform

document in transit security

provision

adequate financial costs for carriers and

consignees

Criteria of using vouching as a financial guarantee for goods transport

National Guarantee Company

Securit

y

Certifi

cate

Customs Authority

Transit

Vouching Agreement

Advantages of a national guarantee company

encouraging the use of vouching as a means of securing the payment of customs duties, taxes in goods transportation in accordance with the customs procedure of customs transit;

simplification of the procedure of providing security of payment of customs duties and taxes in customs processing of goods during customs transit;

reduction of costs associated with application of securities of payment of customs duties and taxes in customs processing of goods during customs transit;

facilitation and simplification of customs operations in customs processing during customs transit;

minimising risks of violating customs legislation in the movement of goods in accordance with the customs procedure of customs transit through creating criteria for company activities.

Mechanism of creating the financial institution of the customs duty and tax payment guarantee:

creates the environment for development and wide utilisation of vouching as a means of securing the

payment of customs duties and taxes in Kazakhstan

contributes to simplification of formalities and facilitation of goods movement through customs

border

realises the principle of free movement of goods along the common customs territory of Eurasian

Economic Union

enhances transit potential of both Kazakhstan and other member-states of Eurasian Economic Union

Thank youfor attention!