The government of Kazakhstan has reportedly approved its budget plan for 2016 to 2020. The main proposed changes include:

• Replacing the value added tax regime (current rate 12%) with a simple sales tax regime, with a rate of 12% for cash payments, 7% for non-cash payments, and 5% for online purchases; and
• Increasing the individual income tax rate from 10% to 11% in 2017 and to 12% in 2018.

A…