- The Government of Kazakhstan proposed new VAT rates and simplified tax system changes.
- The meeting discussed a differentiated VAT rate with business representatives.
- The proposed VAT rates are 16%, 10%, 0%, and exemption.
- Agricultural producers will be fully exempt from VAT.
- Some industries will have a 10% VAT rate.
- The simplified declaration and retail tax regime will be revised.
- The income limit for the simplified regime will remain at 600,000 MRE (2.359 billion tenge) per year.
- The simplified regime will only apply to B2C (retail) businesses.
- The employee limit will be removed.
- Businesses with revenue exceeding 100 million tenge will be subject to the general tax regime.
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.
