National Bank Supports Proposed VAT Increase to 16%

• The National Bank of Kazakhstan supports the government’s proposal to raise the VAT rate to 16%.
• The National Bank believes this is a balanced approach, as it will reduce reliance on the National Fund and provide a larger safety cushion for the future.
• The National Bank acknowledges that the increase will place a greater tax burden on current generations but believes it is the right decision.

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.