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IMF Urges Kazakhstan to Raise VAT Rate for Increased Non-Oil Revenues

  • IMF recommends measures to help Kazakh government align state spending with revenue
  • Suggestions include better macroeconomic forecasting, tax reform, and development of comprehensive climate policy
  • IMF suggests increasing non-oil revenues through abolition of tax incentives and raising VAT rate
  • New tax code provides opportunities for revenue increase

Source: eurasianet.org

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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