Expansion of Imported Goods Subject to VAT Offset Method: Draft Order August 2, 2024

• The list of imported goods subject to VAT offset will be expanded
• The Ministry of National Economy of Kazakhstan has developed a draft order to make changes to the list of imported goods subject to VAT offset
• The discussion of the draft order will last until August 15, 2024
• The purpose of the order is to introduce new energy facilities, modernize existing power stations, create equal conditions for domestic crane manufacturers, and increase VAT revenue from imported goods
• Changes and additions have been made to the list of imported goods subject to VAT offset, including metal structures for power industry construction, steam boilers, hydraulic turbines, and liquid pumps
• The draft order includes specific codes for each type of imported goods, such as 8402 for steam boilers and 8414 for air compressors.

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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