Changes in Import VAT Credit: What to Expect from 2025?

• Starting from 2025, businesses will have to pay VAT on imported goods that are not produced in Kazakhstan
• Articles 427 and 428 of the Tax Code regulating VAT on imports will only be valid until January 1, 2025
• The extension of these norms is expected to happen in March-April 2025
• VAT on imports will be applied retroactively from January 2025
• Procedures for refunding the paid tax will be developed by the end of the current year
• Suggestions from industry associations were discussed at the conference
• Issues of entrepreneurs were also addressed at the conference

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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