Changes to the List of Goods Subject to VAT Offset Method will be Introduced

• The Ministry of National Economy of the Republic of Kazakhstan has developed a draft order on amendments to the list of goods subject to VAT offset.
• The order will come into effect 10 calendar days after its official publication and will be valid from 2022.
• The purpose of the draft order is to attract investments in the development of digital infrastructure, update the agricultural machinery fleet, improve crop yields, create jobs, increase exports, and localize production.
• The draft order aims to prevent retrospective VAT charges on imported equipment for digital infrastructure and agriculture.
• The discussion of the draft order will continue until December 12, 2023, and comments can be submitted on the “Open NPA” portal.

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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