- The pilot project for VAT compensation for foreigners exporting goods from Kazakhstan will be extended
- The Committee of State Revenues of the Ministry of Finance of Kazakhstan has developed a draft order to amend the existing rules
- The draft order is open for discussion until December 18, 2024, and comments can be submitted on the Open Legal Acts portal
- The tax-free pilot project has been in effect since August 15, 2019, and aims to boost inbound tourism and increase business turnover by offering VAT refunds to foreign tourists
- The project initially set to end on December 31, 2024, is proposed to be extended until December 31, 2025
- The extension is intended to fully test the impact on tourism development and business turnover with the involvement of foreign tourists
- The Ministry of Tourism and Sports of Kazakhstan supports the extension as per their letter dated October 29, 2024
- Changes to the rules and terms of the pilot project have been proposed in the draft order
- The order will take effect ten days after its first official publication and will apply to relationships established since August 15, 2019, until December 31, 2025
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.
