- The Ministry of Finance of Kazakhstan has developed draft rules for conditional VAT registration for 2026.
- Conditional registration involves creating a registry of foreign companies that are VAT payers.
- Foreign companies must submit a confirmation letter to the tax authority within one month of the first payment by a buyer.
- Companies must notify the tax authority of any changes to their registry data within ten working days.
- A foreign company is recognized as a VAT payer from the date of the first payment by a buyer.
- The draft aims to improve tax administration by automating VAT registration processes.
- This initiative is expected to reduce the shadow economy and increase tax revenue.
- The discussion of the draft will continue until August 18, 2025.
- Comments can be submitted on the Open NPA portal.
- For detailed updates on tax and labor law changes, subscribe to Uchet.kz.
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.
