Expansion of the list of VAT-exempt vehicles and agricultural machinery components: project June 28, 2024

• The list of vehicles and agricultural machinery exempt from VAT has been expanded
• The project to amend the order of the Minister for Investments and Development of the Republic of Kazakhstan from February 27, 2018, is under discussion
• Comments and remarks can be left on the “Open NPA” portal until July 12, 2024
• Exemption of components from VAT will contribute to deepening localization in Kazakhstan
• The project includes additional items such as paints, rubber products, and machinery parts
• The project aims to support domestic component manufacturers, especially small and medium-sized businesses

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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