– Kazakhstan is considering increasing its value-added tax (VAT) rate.
– The government is exploring this option to boost revenue and reduce the budget deficit.
– The current VAT rate in Kazakhstan is 12%.
– Increasing the VAT rate could help the government generate more income.
– However, it may also lead to higher prices for consumers.
– The government is also considering other measures to improve the country’s fiscal situation.
– These include reducing spending and increasing taxes on certain goods and services.
– The final decision on the VAT rate hike will depend on various factors, including the economic impact and public opinion.
Source: research.ibfd.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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