- VAT for developers will not affect housing prices for the next year and a half according to Vice Minister Amrin
- The new tax norm will have limited impact on the real estate market and will not manifest immediately
- VAT will only apply to new projects that begin construction after January 1, 2026
- Construction start is defined as earthworks, pile installation, and building frame erection which takes at least a year
- The VAT impact will affect properties introduced and sold in 2027 to 2028
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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