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Foreign Exchange Controls for VAT Refunds: Form and Rules Approved

  • Approval and Effective Date: Kazakhstan’s Minister of Finance Order No. 506 (September 17, 2025) approves the form, rules, and deadlines for issuing foreign exchange earnings conclusions, effective January 1, 2026, for VAT refund purposes.

  • Submission Process: Territorial National Bank branches, second-tier banks, Development Bank of Kazakhstan, and Kazpost must respond to state revenue authority requests within ten working days, providing conclusions for export currency contracts or non-resident accounts.

  • Request Requirements and Signing: Requests must include taxpayer details, contract number and date, period, and order reference; conclusions must be signed digitally by the head or authorized official, ensuring secure, verifiable submission.

Source: uchet.kz


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