- The Ministry of National Economy of Kazakhstan and the Ak Zhol party discussed the increase in VAT rates, differentiation of VAT rates, VAT refunds for export of goods and services, and additional stimulation of the economy.
- The Minister of National Economy plans to increase the VAT rate from 12% to 16%, which is expected to generate additional revenue of 2-2.4 trillion tenge.
- The increase in VAT will only affect 5.5% of taxpayers.
- The founder of GK “Uchet” believes that VAT in Kazakhstan burdens the poor the most.
- The entrepreneur suggests not increasing the VAT rate and finding other ways to increase budget revenues.
- The Ministry clarified that the VAT rate and the level of the shadow economy are not directly related.
- The tax policy should not be the only solution to economic problems, and comprehensive industry solutions are needed.
- Increasing the VAT rate will primarily affect imported goods, and incentives for domestic producers will be maintained.
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.
