Absence of VAT thresholds in the general tax regime – what does the Tax Code prepare?

Experts criticize some of the proposed new provisions in the new Tax Code
Thresholds for VAT are being discussed in the new Tax Code
The average business turnover limit may be increased to 5 billion tenge or 2 billion tenge
Under the proposed new tax regime, there are no thresholds for VAT
Some sectors like tourism and hospitality cannot qualify for the new tax regime and automatically become VAT payers at a rate of 12%
A new Tax Code for 2025 in Kazakhstan is currently under discussion until July 15, 2024

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.