- Changes in VAT rates and regulations will be announced soon in Kazakhstan.
- The draft law is currently in the lower house of Parliament.
- Discussions include raising the VAT rate from 12 percent to 16 percent.
- The threshold for mandatory VAT registration may be lowered to 15 million tenge.
- Initial proposal to raise VAT to 20 percent was reduced to 16 percent after criticism.
- A differentiated VAT scale is proposed with 0 percent for agriculture, 10 percent for healthcare, IT, tourism, creative industries, and food, and 16 percent for other sectors.
- Business community is concerned about the impact on profitability, especially in low-margin sectors.
- Lowering the VAT threshold could increase administrative burdens for small businesses.
- Reforms may merge special tax regimes, affecting businesses working with legal entities.
- Concerns exist about potential shifts to the informal sector due to higher taxes.
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.
Latest Posts in "Kazakhstan"
- New Business Activities in Kazakhstan to Require Mandatory POS Terminal Payments from March 2026
- No Plans to Change Tax Code as Number of VAT Payers Grows, Says Zhungarain
- 80% VAT Adjustment Not Applied to Export of Processed Agricultural Products: Official Clarification
- VAT for Gardeners, Fuel Imports, and Non-Residents: Key Outcomes of the Sixth Project Office Meeting
- Kazakhstan Launches Pilot Allowing VAT Payments in Digital Tenge for Public Procurement Suppliers
