- Kazakhstan expects up to 3.5 trillion tenge in additional budget revenue from a new Tax Code
- Key revenue sources include an increase in VAT rate from 12 percent to 16 percent
- Higher corporate income tax for banks set at 25 percent
- Increased excise duties on alcohol, tobacco, and gasoline
- Reduction of tax exemptions will also contribute to revenue boost
- Additional revenue anticipated from overall economic growth
- New Tax Code is part of broader fiscal reforms for long-term budget sustainability
Source: en.trend.az
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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