- The government of Kazakhstan is discussing a phased increase in the VAT rate to 20%
- Deputy Prime Minister Serik Zhumangarin presented an analysis of the current economic situation and proposed tax and budget reforms
- One of the main topics of discussion was the possible increase in VAT from 12% to 20%
- Economist Almas Chukin emphasized the importance of finding solutions to budget problems
- The introduction of the new Tax Code is planned for June 2025, with experts suggesting an earlier adoption in October 2025
- Founder of GK “Accounting” Maxim Baryshev criticized the potential VAT increase as unjustified and harmful to businesses
- Business expert Darmen Sadvakasov agreed on the need for reforms but warned against a sudden increase in VAT, suggesting a gradual approach.
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.
