5 Major Developments in Kazakhstan

5 Major Developments in Kazakhstan

• Imported VAT-exempt chemicals for the production of pesticides

• Ministry of Finance: Input VAT on Cross-Border Supplies of Goods from Kazakhstan Not Deductible in Russia

• Kazakhstan Adopts Extended List of Activities Subject to Retail Tax Regime

• Kazakhstan VAT rate rise

• Pilot project to administer VAT from July 1, 2023 to December 31, 2024

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Deduction (Input Tax Credit)

• Ministry of Finance: Input VAT on Cross-Border Supplies of Goods from Kazakhstan Not Deductible in Russia

E-Commerce / Electronic Services

• Russia Introducing VAT Destination Principle for Online Distance Sales of Goods in the EAEU

• VAT on trading through electronic platforms within the EAEU will be regulated

Excise

• Kazakhstan: Changes regarding monitoring of goods re-exported to Russia

Exemption

• List of medicines in veterinary medicine exempted from VAT has been changed

• Exemption from VAT in the implementation of household appliances, appliances of household electronics, as well as their components

• Russia Proposes to Exempt Online Sales in EAEU from Double VAT

• Imported VAT-exempt chemicals for the production of pesticides

• Changes have been made to the VAT exemption rules for imports from the EAEU

Implementation / Reform

• Kazakhstan To Levy Turnover-Based Tax On SMEs In Place Of VAT

Importation

• Imported VAT-exempt chemicals for the production of pesticides

• Cheat sheet on the import of goods from the EAEU countries

• Changes have been made to the VAT exemption rules for imports from the EAEU

Place of Supply

• Russia Introducing VAT Destination Principle for Online Distance Sales of Goods in the EAEU

Rate

• Kazakhstan VAT rate rise

• Exclusive: Kazakhstan Plans to Hike Mining Tax, VAT, Economy Minister says

Refund

• Amendments to Rules for Excess VAT Refund

Registration

• Payments through QR codes separately Three-Component Integrated System do not contribute to the threshold for VAT registration

Reporting / Compliance

• Pilot project to administer VAT from July 1, 2023 to December 31, 2024

• How to switch to retail tax?

SME (Small and Medium- Sized Enterprises)

• Payments through QR codes separately Three-Component Integrated System do not contribute to the threshold for VAT registration

Taxable Transaction

• Kazakhstan Adopts Extended List of Activities Subject to Retail Tax Regime