Those exempted from VAT adjustments, as detailed by the Ministry of Finance.
Here's a rewritten version following the specific guidelines:
Eager to spill the beans on the latest jump in the tax world, journalists quizzed Erjan Birkhanov about the fresh tidbits in the tax document.
So, what's the lowdown according to him? Well, here's the scoop: all those who hustle with individuals—say, selling goods, food, clothing, household chemicals, or running a convenience store—are now part of simplified declaration regime, cutting out the need to pay value-added tax altogether.*
But wait, what's on the no-no list, you ask? Vice-minister Birkhanov enlightens us that it mainly covers professionally licensed activities—like producing alcohol, wholesale alcohol sales, peddling digital assets, digital mining, auditing, brokering, and dealing psychotropic substances.
On April 30, 2025, the Majilis deputies, in a breathtaking demonstration of legislative power, adopted the new Tax Code and accompanying amendments in the second reading. This baby has now jetted off to the Senate for their take on it.
As things stand, we don't have the precise particulars of the sectors rolling under the simplified declaration regime or the prohibited items in the new Tax Code, adopted by Majilis deputies in Kazakhstan. To get the accurate, nitty-gritty details, you'd wanna dive into the official documentation or tax authority announcements.
Typically, tax reforms like this one aim to ease compliance procedures, support growth within domestic industries, and bring economic growth to the fore. However, without the full picture of the amended Tax Code, we can't identify specific sectors or rules at this time.
- I, being a part of the business community, am intrigued by the recent changes in the tax world, particularly the simplified declaration regime for individuals who run stores, sell goods, food, clothing, household chemicals, or operate a convenience store.
- While alcohol production, wholesale alcohol sales, digital asset peddling, digital mining, auditing, brokering, and dealing psychotropic substances are not part of this simplified regime, details about the sectors and items included in the new Tax Code, adopted by the Majilis deputies in Kazakhstan, remain unclear.
- Business Finance experts suggest that the aim of this tax reform is to ease compliance procedures, support growth within domestic industries, and drive economic growth, but the precise sectors and rules are yet to be identified due to the lack of full details about the amended Tax Code.
- Vice-minister Birkhanov, in response to inquiries about the fresh tax document, has highlighted that the latest Tax Code and accompanying amendments were adopted by the Majilis deputies on April 30, 2025, and are currently undergoing review by the Senate.
