Jens Jungmann
The Kazakh Ministry of National Economy submitted a package of amendments to the draft Tax Code to the Mazhilis, the lower house of Parliament. The proposed changes aim to enhance tax administration and include a significant increase in the value-added tax (VAT) rate from 12% to 16%.
According to the ministry’s press service, a reduced VAT rate of 10% will apply to specific industries. Additionally, the amendments propose lowering the threshold for mandatory VAT registration from 78.6 million tenge (approximately US$157,350) to 15 million tenge (approximately US$30,028).
The revisions also introduce limitations on the special tax regime for simplified declarations, restricting its application solely to the business-to-consumer (B2C) sector.
If approved by the Mazhilis, the amendments will proceed to the Senate for further consideration.
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