Expansion of VAT offset list by 24 items to boost investment and production in Kazakhstan

• The list of goods subject to VAT payment by offset has been expanded by 24 positions
• The order was issued by the Deputy Prime Minister of the Ministry of National Economy of the Republic of Kazakhstan on February 21, 2024
• The order comes into effect on March 8, 2024
• The purpose of the order is to increase investment inflows into digital infrastructure development, update agricultural machinery, improve crop yields, create jobs, boost exports, and localize production
• Changes were made to the list of imported goods subject to VAT payment by offset, including devices for agriculture and computing machines
• The expansion of the list aims to stimulate modern production, provide high-tech equipment, and align with international standards.

Source: uchet.kz

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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