Kazakhstan Implements VAT Exemption to Boost Vehicle and Machinery Sales

• Kazakhstan has enacted Law No. 119-VIII, effective from 21 July 2024, providing a VAT exemption on eligible vehicle and agricultural machinery sales
• Sellers must be authorised representatives of manufacturers and purchase directly from the manufacturer without VAT to qualify for the exemption
• Authorised representatives must be listed in a specific register maintained by the relevant state authority
• The measure aims to boost the agricultural and automotive sectors by reducing the tax burden on manufacturers and their representatives

Source: regfollower.com

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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