Kazakhstan Government Proposes Standard VAT Rate Increase and Other VAT Changes
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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