Upcoming Tax Changes: Who Might Pay Less in VAT?
Photo: freepik, illustrative purposes
The discussion on value-added tax (VAT) reform has now reached the Majilis. Vice Minister of National Economy Azamat Amrin addressed the deputies on the matter, Orda.kz reports.
Previously, the government announced plans to exempt farmers from VAT and proposed lowering the rate to 10% for the healthcare sector.
However, according to Amrin’s presentation, other industries may also benefit:
- IT
- Tourism
- Creative industries
- Food products
Additionally, the new Tax Code draft includes a potential VAT exemption for the media.
Original Author: Zhadra Zhulmukhametova
Latest news
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
- Amur Tiger Umit Adapts to Life in the Wild in Southern Balkhash
