📍 According to experts, there are 729 discount codes in the current Tax Code. All over the world, states introduce preferences to stimulate economic growth and support certain business categories. Ideally, this should lead to the growth of enterprises and jobs, a decrease in production costs and an increase in the tax base.

Who is paying taxes?

Kazakhstan has 2.3 million registered taxpayers, but only 8% of them (137 thousand companies) are VAT payers. This shows that the majority of entrepreneurs stay in special tax regimes and avoid transition to a higher level of taxation. As a result, the state loses significant revenues to the budget, and the business community remains artificially fragmented.

Government recommendations

Currently, a new Tax Code is being developed. The initiators of the project propose to remove 128 out of 453 discount items, which amounts to more than 1.3 trillion tenge.
According to the data of the Ministry of National Economy, the main changes include:

Reduction of the mandatory VAT registration threshold from 20,000 MCI (78.6 million tenge) to 3,800 MCI (15 million tenge);

VAT increasing the rate from 12% to 16%, but setting a reduced rate of 10% for some industries;

Limiting the special tax regime for simplified declaration - it will be available only to the B2C (business-to-consumer) segment.

Source : https://www.gov.kz/memleket/entities/kostanai-lisakovsk-oktyabr/press/news/details/965844?lang=kk