Kazakh Ministry Submits Tax Code Amendments to Parliament, Proposing 16% VAT

• VAT Rate Increase: The Kazakh Ministry of National Economy proposed increasing the VAT rate from 12% to 16%, with a reduced rate of 10% for specific industries.
• Lower VAT Registration Threshold: The amendments include reducing the threshold for mandatory VAT registration from 78.6 million tenge (US$157,350) to 15 million tenge (US$30,028).
• Simplified Tax Regime Limitation: The special tax regime of simplified declaration will be limited to the business-to-consumer sector. If approved by the Mazhilis, the amendments will proceed to the Senate for further consideration.

Source

• Astana Times
• en.tengrinews.kz