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Kazakhstan: No Social Tax or OPVR Abolition with 16% VAT

  • The Deputy Prime Minister met with business representatives in Almaty to discuss tax reform.
  • The meeting included the Minister of Finance, the Vice Minister of National Economy, and representatives of large and small businesses.
  • Key topics discussed included lowering the VAT registration threshold to 15 million tenge and narrowing the scope of activities subject to the retail tax on B2C.
  • The government will not abolish social tax and OPVR payments for entrepreneurs.
  • The government is losing 800 billion tenge annually in income tax due to business fragmentation.
  • The government aims to combat the shadow economy by lowering the VAT registration threshold and simplifying the special regime for B2C businesses.
  • All proposals will be reviewed by working groups in the government before being submitted to the Majilis for consideration.

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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