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Kazakhstan withdraws VAT

  • Sep 24, 2015 | Richard Asquith

Kazakhstan withdraws VAT

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 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 from invoice payments.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.