- Bank transfer commissions will be subject to VAT starting in 2026
- The taxation will apply to fees banks charge for services such as money transfers and card issuance
- The new Tax Code project proposes to eliminate existing tax exemptions for financial operations by second-level banks
- Money transfers made by citizens themselves will not be taxed if they are within the same bank and are free of charge
- The proposals are currently being discussed in Parliament and with business community representatives and the general public
- The final version of the new Tax Code is expected to be approved in 2025
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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