VATupdate

Share this post on

Absence of VAT thresholds in the general tax regime – what does the Tax Code prepare?

  • Experts criticize some of the proposed new provisions in the new Tax Code
  • Thresholds for VAT are being discussed in the new Tax Code
  • The average business turnover limit may be increased to 5 billion tenge or 2 billion tenge
  • Under the proposed new tax regime, there are no thresholds for VAT
  • Some sectors like tourism and hospitality cannot qualify for the new tax regime and automatically become VAT payers at a rate of 12%
  • A new Tax Code for 2025 in Kazakhstan is currently under discussion until July 15, 2024

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.

Sponsors:

VAT news
VAT news

Advertisements: