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VATupdate VAT GST kazakhstan

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Excluding VAT and Profit from Domestic Value Share Calculation Effective February 29, 2024

  • Changes have been made to the rules for determining the country of origin of goods
  • The order will come into effect six months after its official publication
  • The calculation of the share of domestic value in the product excludes VAT and profit
  • The cost of foreign raw materials and materials is taken into account in the calculation of the share of domestic value in the product
  • The cost of the finished product is determined based on the accounts specified in the Accounting Chart of Accounts approved by the Minister of Finance of the Republic of Kazakhstan

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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