VAT Deduction for Medicines and Medical Services Purchased at 5% Rate: What Applies?

• When purchasing medicines or medical services taxed at 5% VAT, the deductible VAT is also 5%, even if the company’s main VAT rate is 16%.
• The new Tax Code does not restrict VAT deduction for goods and services used in activities taxed at the standard 16% rate.
• The deductible VAT amount is the one shown on the electronic invoice, i.e., at the 5% rate.

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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