The Kazakhstan government has introduced proposed amendments to its Tax Code on 11 February 2025, aimed at reshaping the country’s VAT framework.
The key changes include raising the standard VAT rate from 12% to 16%, alongside a new reduced 10% VAT rate specifically for the health sector.
“It is important to note that the potential inflationary impact of the tax increase will be short-term and will end within a year. Additional inflation is expected in the amount of 2.5-3%,” Serik Zhumangarin.
Additionally, the proposal seeks to support agricultural producers by granting them a VAT exemption. To expand the tax net, the government also plans to lower the VAT registration threshold to KZT 15 million.
The amendments will go into effect from 1 January 2026.
