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Kazakhstan Government Proposes Standard VAT Rate Increase and Other VAT Changes

|Proposed Changes|Kazakhstan
Kazakhstan

The Kazakhstan government has proposed certain Tax Code amendments, including the following VAT amendments:

  • An increase in the standard VAT rate from 12% to 16%;
  • The introduction of a 10% VAT rate for the health sector;
  • The introduction of a VAT exemption for agricultural product producers; and
  • A reduction in the VAT registration threshold to KZT 15 million.

The amendments are to apply from…

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