Kazakhstan to retain VAT

December 8th, 2016

Kazakhstan has withdrawn plans to scrap its VAT regime in favour of a simplified Sales Tax system. VAT in Kazakhstan is currently 12%, and is charged by all business entities with an annual turnover above MCI 30,000. Foreign companies cannot register for the VAT, but their customers will typically be required to withhold the VAT …


Kazakhstan VAT e-invoices

October 6th, 2016

Kazakhstan is seeking to compel more high-risk traders to adopt electronic invoices. The proposal is to include commodity traders from the start of 2017. Many traders involved with imports/exports and warehouse operating are already required to offer e-invoices. It is expected that all VAT registered businesses will have to offer e-invoices by 2018.


Kazakhstan withdraws VAT

September 25th, 2015

Kazakhstan has approved plans to withdraw its Value Added Tax regime next year. It will be replaced with a simple Sales Tax. This will be levied at 12%, too, on cash payments. To discourage non-disclosure, there will be a discount on this for invoices settled by bank transfers – the rate will be 7%. VAT …


Kazakhstan VAT compliance changes

July 14th, 2013

A number of changes to the Kazakh VAT regime are to be implemented from January 2014.  These include: Clarification of non-residents who act as de facto tax agents Applications for changes to the payment dates of VAT liabilities A new deadline of 10 working days for the settlement of outstanding VAT Non-resident VAT payers will …