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Jewelry manufacturers to receive VAT exemption from 2023

“The Committee has developed a package of measures for the development of the industry . One of them was supported by the Parliament of the Republic of Kazakhstan as part of the consideration of amendments to the Tax Code. In particular, exemption from VAT on the purchase of gold and silver. The norm will come into force on January 1, 2023 . Recall that since 2016, a quota for the purchase of gold in the amount of 300 kilograms per year has been set for domestic jewelers ,” said Turar Zholmagambetov.

Source: uchet.kz

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