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Kazakhstan’s Tax Reform: No Impact on Small Businesses

  • Deputy Prime Minister Serik Zhumangharin believes that the increase in the VAT rate will not affect small shops and restaurants.
  • He stated that the reform does not affect businesses with a total annual income of less than 2.4 billion tenge, who will continue to pay 4% VAT.
  • Zhumangharin believes that many citizens do not understand the purpose of the tax reform, despite detailed explanations.
  • He criticized those who make incorrect calculations about the impact of the reform, stating that some calculations are “laughable” and demonstrate a lack of understanding.

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.

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