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Simplified VAT Refund Procedure to Take Effect on March 26, 2024

  • Simplified procedure for VAT refund
  • Changes made by the Ministry of Finance of the Republic of Kazakhstan
  • Input from business community and discussions with tax associations
  • Specific risks of tax evasion schemes clarified
  • Violations by suppliers not considered when determining VAT refund amount
  • Changes will simplify VAT refund procedure for domestic manufacturers
  • New rules will be effective from March 26, 2024.

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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