- Kazakhstan plans to raise VAT from 12 percent to 16 percent in 2026
- Prime Minister Olzhas Bektenov says this is necessary for sustainable economic growth
- Tax hike is acknowledged as unpopular but vital for expanding the development budget
- Sustainable growth requires advanced infrastructure and substantial government investment
- Current development budget share in government spending is critically low
- New Tax Code in 2026 expected to increase development budget share by eight percentage points to 18 percent
- This increase aims to secure sustainable economic growth
- Agriculture sector grew by 3.7 percent in the first half of 2025
Source: qazinform.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.
