Kazakhstan’s VAT Reform: Slower, More Consultative Approach Compared to Russia, Says Minister

• Kazakhstan’s VAT will increase from 12% to 16% in 2026 as part of a new Tax Code.
• The reform process in Kazakhstan has been slower and more consultative compared to Russia, involving extended discussions with businesses and the public.
• Minister Serik Zhumangarin emphasized the reform is not experimental and is based on expert input.
• In contrast, Russia is raising its VAT from 20% to 22% and recently increased its corporate income tax, with less public debate.
• Kazakhstan’s approach aims for consensus-building and transparency in tax policy changes.

Source: kz.kursiv.media

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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