The Ministry of National Economy of the Republic of Kazakhstan has approved an order to establish lists of goods imported for processing, upon import of which enterprises can use the mechanism for deferring payment of value added tax (VAT).

The document also defines the categories of taxpayers eligible for such a deferral, in accordance with paragraph 2 of Article 134 of the Tax Code of the Republic of Kazakhstan.

At the same time, the lists do not apply to imports of goods from the member countries of the Eurasian Economic Union.

The prepared lists include goods that are not produced in Kazakhstan or do not cover the needs of the domestic market, but are necessary for the operation of processing industries.

The adopted order is aimed at increasing the availability of raw materials and components for processing industries. Granting a deferred payment of VAT will allow enterprises not to divert working capital when importing necessary goods, thereby maintaining their financial stability.

The procedure and deadlines for granting deferral will be established by the authorized body responsible for the administration of taxes and other mandatory payments to the budget.

Link to the draft order: https://www.gov.kz/memleket/entities/economy/documents/details/933850?lang=ru 

https://www.gov.kz/memleket/entities/economy/press/news/details/1121481?lang=ru

Source : https://www.gov.kz/memleket/entities/kostanai-ekonomika-zhosparlau/press/news/details/1121540?lang=kk