ASTANA, Kazakhstan, October 7. The Ministry of
Finance of Kazakhstan is leveraging artificial intelligence and the
digital tenge to bring the economy out of the shadow, Finance
Minister Madi Takiyev said at a government meeting, Trend reports.
According to him, a key initiative is the Smart Data Finance
system, which uses AI to analyze large datasets, detect tax evasion
schemes, and create digital profiles for all taxpayers.
“The introduction of biometric identification for issuing
electronic invoices has prevented the creation of fake documents
totaling over 33 billion tenge ($72 million). Automated monitoring
through the E-Tamga project allows us to check VAT balances and
curb grey-market schemes at an early stage. So far, 250 million
e-invoices and 500 million payments have been processed. The
expected impact is up to 100 billion tenge ( $217 million) in
additional annual budget revenue. In collaboration with the
National Bank, we are piloting a ‘Digital VAT’ initiative. Payments
made in digital tenge block funds from moving into the shadow
economy and ensure full transparency across the supply chain,”
Takiyev explained.
The Ministry also plans to expand the use of digital tenge to
other areas, including government procurement.
Digitalization is actively advancing in customs administration
as well. The integration of AI in inspection and screening
complexes will help identify undeclared goods and minimize human
error, further enhancing efficiency and transparency.
