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Kazakhstan’s Prime Minister confirms no plans to increase VAT

  • Kazakhstan’s Prime Minister, Olzhas Bektenov, stated that the country does not intend to increase VAT.
  • The government aims to find alternative ways to generate revenue for the budget.
  • The Ministries of National Economy and Finance are responsible for planning the budget’s expenditures and revenues.
  • The government plans to improve tax and customs administration through digitization.
  • Financial discipline will be strengthened, unproductive expenses will be eliminated, and overall government budget expenditures will be made more efficient.
  • The government is focused on achieving a high pace of economic growth, with each minister and regional governor having personal responsibility for meeting goals.

Source: en.trend.az

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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