- A draft law proposes refunding excess VAT in digital tenge without a tax audit, within 10 working days after the VAT declaration deadline.
- The new procedure would add Article 127-1 to the Tax Code and apply only to VAT on goods paid for in digital tenge.
- Taxpayers must open a digital account in a second-tier bank, confirm payment in digital tenge, and consent to data sharing.
- This would be a separate mechanism from the standard VAT refund process, so taxpayers must choose one or the other.
- The rule is proposed to take effect on January 1, 2027, with some exceptions starting January 1, 2035.
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.
Latest Posts in "Kazakhstan"
- Updated e-Tamga E-Invoicing and Excess VAT Refund Rules Announced
- Kazakh Marketplaces to Pay VAT on Foreign Sellers’ Online Sales
- Banks’ Factoring and Forfaiting to Be Exempt from VAT in Kazakhstan
- Kazakhstan Lowers VAT Registration Threshold, Raises Penalties for Late Registration
- Kazakhstan VAT Payment Deadlines and Penalties Explained
