VATupdate
VATupdate VAT GST sales tax Kazakhstan

Share this post on

Imported Pharmaceutical Raw Materials to Be Exempt from VAT to Support Local Industry

  • Imported raw materials for pharmaceuticals will be exempt from VAT to reduce production costs and support the industry.
  • The Ministry of Health initiated these tax benefits, as announced by Minister Akmaral Alnazarova.
  • The government aims to increase the share of Kazakhstani products in hospital procurements.
  • The pharmaceutical sector has seen an 11.7% productivity increase over 10 months, with more investment projects under consideration.

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.



Sponsors:

Advertisements:

  • Pincvision
  • Exchange Summit