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Proposal to Maintain 0% VAT on Medicines, Books, and Financial Services in Kazakhstan

  • Deputies proposed to maintain a zero VAT rate on essential services in tax code amendments.
  • Zero VAT is suggested for medicines and medical services, especially for severe and chronic diseases, to prevent price increases.
  • Zero VAT is proposed for Kazakhstani books and animation to support local authors and artists and make literature more accessible.
  • Zero VAT on financial services is recommended to avoid increased costs for basic services like bank transfers.
  • Deputies suggested increasing taxes on betting shops and casinos, introducing excises on trans fats, and raising corporate tax for banks.

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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