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.